Summary
Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Nigerian hotels & motels industry is expected to generate total revenues of $3.4bn in 2020, representing a compound annual growth rate (CAGR) of 6.9% between 2016 and 2020.
- The number of establishments is expected decline at a CARC of -0.7% between 2016 and 2020, to reach a total of 2,684 establishments in 2020.
- Room occupancy rates have grown in response to growing numbers of international arrivals. However, in 2019, growth in occupancy started to decelerate, up by just 0.1 percentage point.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Nigeria
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria hotels & motels market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria hotels & motels market by value in 2020?
- What will be the size of the Nigeria hotels & motels market in 2025?
- What factors are affecting the strength of competition in the Nigeria hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's hotels & motels market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are leading players doing to limit the impact of COVID-19?
7.4. Are there any threats to the leading players?
8 Company Profiles
8.1. Marriott International Inc
8.2. Best Western International Inc
8.3. Radisson Hotel Group
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: Nigeria hotels & motels industry value: $ million, 2016-20
Table 2: Nigeria hotels & motels industry volume: establishments, 2016-20
Table 3: Nigeria hotels & motels industry category segmentation: $ million, 2020
Table 4: Nigeria hotels & motels industry geography segmentation: $ million, 2020
Table 5: Nigeria hotels & motels industry value forecast: $ million, 2020-25
Table 6: Nigeria hotels & motels industry volume forecast: establishments, 2020-25
Table 7: CRG Holdings, LLC : key facts
Table 8: Marriott International Inc: key facts
Table 9: Marriott International Inc: Key Employees
Table 10: Marriott International Inc: Key Employees Continued
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Best Western International Inc: key facts
Table 14: Best Western International Inc: Key Employees
Table 15: Best Western International Inc: Key Employees Continued
Table 16: Radisson Hotel Group: key facts
Table 17: Radisson Hotel Group: Key Employees
Table 18: Radisson Hotel Group: Key Employees Continued
Table 19: Nigeria size of population (million), 2016-20
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2016-20
Table 21: Nigeria gdp (current prices, $ billion), 2016-20
Table 22: Nigeria inflation, 2016-20
Table 23: Nigeria consumer price index (absolute), 2016-20
Table 24: Nigeria exchange rate, 2015-18
List of Figures
Figure 1: Nigeria hotels & motels industry value: $ million, 2016-20
Figure 2: Nigeria hotels & motels industry volume: establishments, 2016-20
Figure 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2020
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2020
Figure 5: Nigeria hotels & motels industry value forecast: $ million, 2020-25
Figure 6: Nigeria hotels & motels industry volume forecast: establishments, 2020-25
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2020
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2020
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2020
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2020
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2020
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2020
