Nigeria Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027
Summary
Travel & Tourism in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, 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 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 $18.7 billion in 2022, representing a compound annual growth rate (CAGR) of 0.1% between 2017 and 2022.
- Food service was the industry's largest segment in 2022, with total revenues of $6.7 billion, equivalent to 36.1% of the industry's overall value.
- Nigeria offers various tourist attractions such as wildlife, coastal beaches, historical monuments, UNESCO approved heritage centers, mountains, and diverse culture that help in driving the country’s hotels & motels industry.
- 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
- What was the size of the Nigeria travel & tourism market by value in 2022?
- What will be the size of the Nigeria travel & tourism market in 2027?
- 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?
- 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 the leading players follow?
- 7.6. What are the strengths of leading players?
- 7.7. How is technology being used by these leading companies?
- 7.8. Are there any threats to these leading players?
- 7.9. What have been the most recent developments in the hotels and motels industry?
- 8 Company Profiles
- 8.1. UAC of Nigeria PLC
- 8.2. Expedia Group Inc
- 8.3. Marriott International Inc
- 8.4. Best Western International Inc
- 8.5. Radisson Hotel Group
- 8.6. Booking Holdings 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, 2017-22(e)
- Table 2: Nigeria travel & tourism industry category segmentation: % share, by value, 2017-2022(e)
- Table 3: Nigeria travel & tourism industry category segmentation: $ billion, 2017-2022
- Table 4: Nigeria travel & tourism industry geography segmentation: $ billion, 2022(e)
- Table 5: Nigeria travel & tourism industry value forecast: $ billion, 2022-27
- Table 6: UAC of Nigeria PLC: key facts
- Table 7: UAC of Nigeria PLC: Annual Financial Ratios
- Table 8: UAC of Nigeria PLC: Key Employees
- Table 9: CRG Holdings, LLC : key facts
- Table 10: Expedia Group Inc: key facts
- Table 11: Expedia Group Inc: Annual Financial Ratios
- Table 12: Expedia Group Inc: Key Employees
- Table 13: Expedia Group Inc: Key Employees Continued
- Table 14: Marriott International Inc: key facts
- Table 15: Marriott International Inc: Annual Financial Ratios
- Table 16: Marriott International Inc: Key Employees
- Table 17: Marriott International Inc: Key Employees Continued
- Table 18: Marriott International Inc: Key Employees Continued
- Table 19: Marriott International Inc: Key Employees Continued
- Table 20: Best Western International Inc: key facts
- Table 21: Best Western International Inc: Key Employees
- Table 22: Radisson Hotel Group: key facts
- Table 23: Radisson Hotel Group: Key Employees
- Table 24: Radisson Hotel Group: Key Employees Continued
- Table 25: Booking Holdings Inc: key facts
- Table 26: Booking Holdings Inc: Annual Financial Ratios
- Table 27: Booking Holdings Inc: Key Employees
- Table 28: Nigeria size of population (million), 2018-22
- Table 29: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
- Table 30: Nigeria gdp (current prices, $ billion), 2018-22
- Table 31: Nigeria inflation, 2018-22
- Table 32: Nigeria consumer price index (absolute), 2018-22
- Table 33: Nigeria exchange rate, 2018-22
- List of Figures
- Figure 1: Nigeria travel & tourism industry value: $ billion, 2017-22(e)
- Figure 2: Nigeria travel & tourism industry category segmentation: $ billion, 2017-2022
- Figure 3: Nigeria travel & tourism industry geography segmentation: % share, by value, 2022(e)
- Figure 4: Nigeria travel & tourism industry value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the travel & tourism industry in Nigeria, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Nigeria, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Nigeria, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Nigeria, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Nigeria, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Nigeria, 2022
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