“NIGERIA SPENDS N300BN ANNUALLY ON HOTEL ACCOMMODATION”

“NIGERIA SPENDS N300BN ANNUALLY ON HOTEL ACCOMMODATION”

By Jonah Nwokpoku 

protea-hotel-ikeja

 

Founder/ Chief Executive Officer of Nigeria’s Online Hotels Booking Limited, Hotels.ng, Mr. Mark Essien disclosed this when speaking to Vanguard on the operations of the hotel booking portal and the potential of online hotel booking business in Nigeria.

Hotel.ng, an online hotel booker officially launched in January 2013 and has over 4, 000 hotels listed on its website and currently process over 400 bookings daily.

 

“Hotel booking or travel in general is always a massive part of every economy. Hotel booking in Nigeria alone is $2 billion worth annually. This means that every year, Nigerians traveling within Nigeria spend at least $2 billion, about N300 billion in hotel accommodation. This is a result of an independent verifiable survey conducted by Euro Monitor. So all we are doing is making this transaction easier online, so that some part of that $2 billion will be ours. I think we are sitting on a very high potential business,” he said.

 

Read more here.

 

Photo credit, Tripadvisor

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