Summary
Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 had total revenues of $3.9 billion in 2022, representing a compound annual growth rate (CAGR) of 6.8% between 2017 and 2022.
- Industry consumption volume increased with a CAGR of 2.8% between 2017 and 2022, to reach a total of 3,126.0 establishments in 2022.
- The demand for hotels & motels in Nigeria is driven by the rising middle-class population and increasing consumer purchasing power and expenditure. For instance, according to the Nigerian National Bureau of Statistics, the national disposable income of Nigeria witnessed a growth of 1.08% and 4.98% in Q3 and Q4 2022, respectively.
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 2022?
- What will be the size of the Nigeria hotels & motels market in 2027?
- 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 the strengths of leading players?
7.4. What were the most recent market developments?
7.5. Are there any threats to the leading players?
8 Company Profiles
8.1. Marriott International Inc
8.2. Accor SA
8.3. Radisson Hotel Group
8.4. Best Western International Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. About MarketLine
List of Tables
Table 1: Nigeria hotels & motels industry value: $ million, 2017–22
Table 2: Nigeria hotels & motels industry volume: Number of Establishments, 2017–22
Table 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2017–2022
Table 4: Nigeria hotels & motels industry category segmentation: $ million, 2017-2022
Table 5: Nigeria hotels & motels industry geography segmentation: $ million, 2022
Table 6: Nigeria hotels & motels industry value forecast: $ million, 2022–27
Table 7: Nigeria hotels & motels industry volume forecast: Number of Establishments, 2022–27
Table 8: Marriott International Inc: key facts
Table 9: Marriott International Inc: Annual Financial Ratios
Table 10: Marriott International Inc: Key Employees
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Accor SA: key facts
Table 14: Accor SA: Annual Financial Ratios
Table 15: Accor SA: Key Employees
Table 16: Accor SA: Key Employees Continued
Table 17: Radisson Hotel Group: key facts
Table 18: Radisson Hotel Group: Key Employees
Table 19: Radisson Hotel Group: Key Employees Continued
Table 20: Best Western International Inc: key facts
Table 21: Best Western International Inc: Key Employees
Table 22: Nigeria size of population (million), 2018–22
Table 23: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
Table 24: Nigeria gdp (current prices, $ billion), 2018–22
Table 25: Nigeria inflation, 2018–22
Table 26: Nigeria consumer price index (absolute), 2018–22
Table 27: Nigeria exchange rate, 2018–22
List of Figures
Figure 1: Nigeria hotels & motels industry value: $ million, 2017–22
Figure 2: Nigeria hotels & motels industry volume: Number of Establishments, 2017–22
Figure 3: Nigeria hotels & motels industry category segmentation: $ million, 2017-2022
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2022
Figure 5: Nigeria hotels & motels industry value forecast: $ million, 2022–27
Figure 6: Nigeria hotels & motels industry volume forecast: Number of Establishments, 2022–27
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2022
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2022
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2022
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2022
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2022
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2022
