Lagos, Nigeria is one of the fastest-growing cities in the world relying on its commercial activities.
According to research by Mustard Insights, the city has the highest number of hotels, 3,412 in Nigeria which is driven by the influx of business and leisure travel in the state. This factor is a reflection of the level of hospitality and the huge variety of accommodations in the state.
With less than half of the hotels in Lagos, Abuja city which is the capital of the country has 1,157 hotels. The state is home for quiet several luxurious hotels for a lot of tourists.
Other states with high number of hotels due to their tourism attraction and commercial activities are Ogun, Oyo, Delta, and Rivers with not less than 500 hotels.
Another research by pwc.com, during the next five years Nigeria is expected to be the fastest-growing market with a projected 12.0% compound annual increase. A number of new hotels are scheduled to open in the next five years, which will accommodate further growth in guest nights, without putting upward pressure on Average Daily Rate (ADR).