Summary
Travel & Tourism 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 travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
- The Nigerian travel and tourism industry had total revenues of $12.3bn in 2020, representing a compound annual rate of change (CARC) of -10.7% between 2016 and 2020.
- The travel intermediaries segment generated the most revenue in 2020, with total revenues of $6.8bn, equivalent to 55.2% of the industry's overall value.
- The industry has been devastated by the global outbreak of COVID-19, which led to an unprecedented decline of 44.3% in 2020.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Nigeria
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria travel & tourism market with five year forecasts
Reasons to Buy
- What was the size of the South Africa non-life insurance market by value in 2020?
- What will be the size of the South Africa non-life insurance market in 2025?
- What factors are affecting the strength of competition in the South Africa non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's non-life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value 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 in the foodservice industry?
7.2. What strategies do these leading players follow?
7.3. How is technology being used by these leading companies?
7.4. Who are the leading players in the hotels and motels industry?
7.5. What strategies do these leading players follow?
7.6. How is technology being used by these leading companies?
7.7. Are there any threats to these leading players?
7.8. Who are the leading players in the travel intermediaries market?
7.9. What strategies do these leading players follow?
7.10. How has the COVID-19 impacted players in the travel and tourism industry?
8 Company Profiles
8.1. UAC of Nigeria PLC
8.2. McDonald's Corp
8.3. Booking Holdings Inc
8.4. Louvre Hotels
8.5. Accor SA
8.6. Best Western International Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Nigeria travel & tourism industry value: $ billion, 2016–20
Table 2: Nigeria travel & tourism industry category segmentation: $ billion, 2020
Table 3: Nigeria travel & tourism industry geography segmentation: $ billion, 2020
Table 4: Nigeria travel & tourism industry value forecast: $ billion, 2020–25
Table 5: UAC of Nigeria PLC: key facts
Table 6: UAC of Nigeria PLC: Annual Financial Ratios
Table 7: UAC of Nigeria PLC: Key Employees
Table 8: McDonald's Corp: key facts
Table 9: McDonald's Corp: Annual Financial Ratios
Table 10: McDonald's Corp: Key Employees
Table 11: McDonald's Corp: Key Employees Continued
Table 12: Booking Holdings Inc: key facts
Table 13: Booking Holdings Inc: Annual Financial Ratios
Table 14: Booking Holdings Inc: Key Employees
Table 15: Louvre Hotels: key facts
Table 16: Louvre Hotels: Key Employees
Table 17: Accor SA: key facts
Table 18: Accor SA: Annual Financial Ratios
Table 19: Accor SA: Key Employees
Table 20: Accor SA: Key Employees Continued
Table 21: Best Western International Inc: key facts
Table 22: Best Western International Inc: Key Employees
Table 23: Best Western International Inc: Key Employees Continued
Table 24: Nigeria size of population (million), 2016–20
Table 25: Nigeria gdp (constant 2005 prices, $ billion), 2016–20
Table 26: Nigeria gdp (current prices, $ billion), 2016–20
Table 27: Nigeria inflation, 2016–20
Table 28: Nigeria consumer price index (absolute), 2016–20
Table 29: Nigeria exchange rate, 2016–18
List of Figures
Figure 1: Nigeria travel & tourism industry value: $ billion, 2016–20
Figure 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2020
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2020
Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2020
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2020
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2020
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2020
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2020
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2020
