Hotels & Motels in Nigeria
Summary
Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Nigeria hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
- The Nigerian hotels & motels industry's total revenue valued of $6.3bn in 2016, representing a compound annual growth rate (CAGR) of 10.0% between 2012 and 2016.
- Industry consumption volume increased with a CAGR of 3.6% between 2012 and 2016, to reach a total of 2,985.0 establishments in 2016.
- The number of foreign visitors has immensely grown in recent years in spite of security concerns. Demand from foreign tourism has been stimulated by declining prices in the industry over 2015 and 2016. The number of corporate travelers declined in 2016, however, as the Nigerian economy has been in recession.
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 by both value and volume
Reasons to buy
- What was the size of the Nigeria hotels & motels market by value in 2016?
- What will be the size of the Nigeria hotels & motels market in 2021?
- 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?
