Summary
Hotels & Motels in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). 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 includes 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 recorded revenues of $4.6 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.2% between 2019 and 2024.
- The number of establishments in the industry increased with a CAGR of 0.5% between 2019 and 2024, reaching a total of 3,201.0 in 2024.
- The revenue of the Nigerian hotels & motels industry experienced an annual growth of 16.8% in 2024. The growth is driven by an increase in total consumer spending on travel and tourism. According to the World Travel and Tourism Council, the total consumer spending on travel and tourism reached $4,856.0 million in Nigeria in 2024, up 12.4% from 2023.
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 2024?
- What will be the size of the Nigeria hotels & motels market in 2029?
- What factors are affecting the strength of competition in the Nigeria hotels & motels market?
- How has the market performed over the last five years?
- Who are the top competitors in 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 are the strengths and strategies of the leading players?
7.3. What are the challenges faced in the industry?
8 Company Profiles
8.1. Accor SA
8.2. Marriott International Inc
8.3. Ikeja Hotel plc
8.4. Capital Hotels Plc
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 hotels & motels industry value: $ million, 2019-24
Table 2: Nigeria hotels & motels industry volume: number of establishments, 2019-24
Table 3: Nigeria hotels & motels industry category segmentation: % share, by value, 2019-24
Table 4: Nigeria hotels & motels industry category segmentation: $ million, 2019-24
Table 5: Nigeria hotels & motels industry geography segmentation: $ million, 2024
Table 6: Nigeria hotels & motels industry value forecast: $ million, 2024-29
Table 7: Nigeria hotels & motels industry volume forecast: number of establishments, 2024-29
Table 8: Accor SA: Key Facts
Table 9: Accor SA: Annual Financial Ratios
Table 10: Accor SA: Key Employees
Table 11: Marriott International Inc: Key Facts
Table 12: Marriott International Inc: Annual Financial Ratios
Table 13: Marriott International Inc: Key Employees
Table 14: Marriott International Inc: Key Employees Continued
Table 15: Marriott International Inc: Key Employees Continued
Table 16: Ikeja Hotel plc: Key Facts
Table 17: Ikeja Hotel plc: Annual Financial Ratios
Table 18: Ikeja Hotel plc: Key Employees
Table 19: Capital Hotels Plc: Key Facts
Table 20: Nigeria Size of Population (Million), 2020-24
Table 21: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Nigeria GDP (Current Prices, $ Billion), 2020-24
Table 23: Nigeria Inflation, 2020-24
Table 24: Nigeria Consumer Price Index (Absolute), 2020-24
Table 25: Nigeria Exchange Rate, 2019-24
List of Figures
Figure 1: Nigeria hotels & motels industry value: $ million, 2019-24
Figure 2: Nigeria hotels & motels industry volume: number of establishments, 2019-24
Figure 3: Nigeria hotels & motels industry category segmentation: $ million, 2019-24
Figure 4: Nigeria hotels & motels industry geography segmentation: % share, by value, 2024
Figure 5: Nigeria hotels & motels industry value forecast: $ million, 2024-29
Figure 6: Nigeria hotels & motels industry volume forecast: number of establishments, 2024-29
Figure 7: Forces driving competition in the hotels & motels industry in Nigeria, 2024
Figure 8: Drivers of buyer power in the hotels & motels industry in Nigeria, 2024
Figure 9: Drivers of supplier power in the hotels & motels industry in Nigeria, 2024
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Nigeria, 2024
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Nigeria, 2024
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Nigeria, 2024
