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Travel & Tourism in Nigeria

Publisher MarketLine
Published Oct 17, 2024
Length 43 Pages
SKU # MTLN19546822

Description

Travel & Tourism in Nigeria

Summary

Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
  • The Nigerian travel & tourism industry recorded revenues of $15.7 billion in 2023, representing a compound annual growth rate (CAGR) of 2.3% between 2018 and 2023.
  • The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $5.8 billion, equivalent to 37.0% of the industry's overall value.
  • Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Nigeria reached $6.9 billion in 2023, reflecting a 9.9% increase from 2022.
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 Nigeria travel & tourism market by value in 2023?
  • What will be the size of the Nigeria travel & tourism market in 2028?
  • What factors are affecting the strength of competition in the Nigeria travel & tourism market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Nigeria's travel & tourism market?

Table of Contents

43 Pages
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?
7.2. What are the strategies of the leading players f?
7.3. What are the recent developments in the industry?
8 Company Profiles
8.1. Accor SA
8.2. Ikeja Hotel plc
8.3. Booking Holdings Inc
8.4. Emirates Nigeria
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: $ million, 2018-23
Table 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2018-23
Table 3: Nigeria travel & tourism industry category segmentation: $ million, 2018-23
Table 4: Nigeria travel & tourism industry geography segmentation: $ million, 2023
Table 5: Nigeria travel & tourism industry value forecast: $ million, 2023-28
Table 6: Accor SA: Key Facts
Table 7: Accor SA: Annual Financial Ratios
Table 8: Accor SA: Key Employees
Table 9: Accor SA: Key Employees Continued
Table 10: Ikeja Hotel plc: Key Facts
Table 11: Ikeja Hotel plc: Annual Financial Ratios
Table 12: Ikeja Hotel plc: Key Employees
Table 13: Booking Holdings Inc: Key Facts
Table 14: Booking Holdings Inc: Annual Financial Ratios
Table 15: Booking Holdings Inc: Key Employees
Table 16: Emirates Nigeria: Key Facts
Table 17: Emirates Nigeria: Key Employees
Table 18: Nigeria Size of Population (million), 2019-23
Table 19: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: Nigeria GDP (Current Prices, $ Billion), 2019-23
Table 21: Nigeria Inflation, 2019-23
Table 22: Nigeria Consumer Price Index (Absolute), 2019-23
Table 23: Nigeria Exchange Rate, 2018-23
List of Figures
Figure 1: Nigeria travel & tourism industry value: $ million, 2018-23
Figure 2: Nigeria travel & tourism industry category segmentation: $ million, 2018-23
Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2023
Figure 4: Nigeria travel & tourism industry value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2023
Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2023
Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2023
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2023
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2023
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2023

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