Lodging Demand Drives 50% Revenue Jump For Hospitality Firms

90 Views

Lodging demand is surging across Nigeria, filling hotel rooms, energising restaurants, and keeping conference halls busy.

From business travellers attending conferences in Abuja to holidaymakers exploring Lagos, hotels are enjoying a lively comeback after years of subdued activity.

Lodging demand is surging across Nigeria, filling hotel rooms, energising restaurants, and keeping conference halls busy.

Surging Lodging Demand

For example, Transcorp Hilton Abuja welcomed more guests, boosting room bookings, dining, and event activity, which helped the hotel push revenue up nearly 50% in the first nine months of 2025 compared with last year.

Similarly, Ikeja Hotel’s Sheraton Lagos attracted both domestic and international visitors, increasing room occupancy and restaurant sales, particularly during the leisure-heavy second and third quarters.

Corporate And Leisure Boost

Analysts explain that Nigeria’s gradual economic recovery, increased corporate spending, and the post-pandemic return of conferences, exhibitions, and entertainment events drive the sector’s growth.

Read Also: Indigenous Contractors To Protest Unpaid 2024 Projects

In addition, government initiatives promoting domestic tourism encourage travellers to return to the country’s top destinations.

Rising Costs, Strong Demand

Rising costs, however, present challenges.

Hotels in Lagos and Abuja raised room rates by about 40% to offset higher fuel, import, and maintenance expenses.

Despite this, guests continue to arrive, drawn by renovated rooms, upgraded facilities, and improved dining experiences.

Across Africa, hotel developers are constructing over 500 properties, signalling renewed confidence in the region’s hospitality market.

Consequently, Nigeria’s lodging sector is not only filling rooms but also thriving, reclaiming its role as a hub for business, leisure, and cultural experiences.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

CAP Plc Profit Jumps 39% On Strong Strategic Execution

Wed Oct 29 , 2025
90 […]
CAP Plc strengthened its 2025 finances by driving growth through higher sales and improving operational efficiency in nine months.

You May Like

Quick Links