FeaturedPress Releases

Nigeria to earn N3.63 Billion from domestic tourism by end of 2018, Hospitality report says

Lagos, Nigeria; 11 July 2018: In what seems like a bright prospect for domestic tourism in Nigeria, the sector is expected to contribute N3.63 billion to the country’s GDP by the end of 2018. The number of international arrivals in the country and employments generated by the sector are expected to grow by 1.5% and 3.4% respectively by end of year, that is 1.8 million international arrivals and 3.4 million jobs.

Omolara Adagunodo, managing director of Jumia Travel Nigeria stated this while overviewing the content of the 2018 Nigeria hospitality report

at a press conference in Lagos.

The report also provided insight on the two main components of domestic travel: leisure and business travel, and both grew at 2.7% and 2.8%, that is 1.98 billion and 1.92 billion contributions respectively to domestic earnings in 2017.

Read:  Mark Okoye, Yemi Alade, Somkele Iyamah-Idhalama and others emerge winners of The Future Awards Africa 2016

Tourism expert and founder of Akwaaba Travel Market, Ikechi Uko who commended the effort of Jumia Travel in compiling the report said: “the data and figures featured in the report can massively expand the footprint of the Nigeria travel industry and take it to the next level.”

While announcing that Nigeria will soon subscribe to the Tourism Satellite Account (TSA), which is the internationally recognised standard statistical framework for the economic measurement of tourism, Uko urged stakeholders within the sector to support and rely on the data in reports such as Jumia Travel’s.

Read:  Access Bank, GE Healthcare ease financial burden on healthcare providers

L-R: Christian Iwarah, Corporate Communications Manager – Air Peace; Muda Yusuf, DG, LCCI; Ikechi Uko, Founder & Publisher – Akwaaba Travel Market; Omolara Adagunodo, MD – Jumia Travel Nigeria; Chris Odor, GM – Westwood Hotel; Olukayode Kolawole, Head of PR  – Jumia Nigeria at the launch of the 3rd edition of the Nigeria Hospitality Report in Lagos.

Uko also commented on one of the challenges plaguing the sector, as identified in the report, such as insufficient flights. He said: “the number of flight pairs in Nigeria is very low. Lagos and Abuja are already saturated because almost all airlines want to fly there. As such, we need more flights to cut across the country because the travel industry cannot grow without a functional air transport network.”

The Nigeria Hospitality Report from the stables of Jumia Travel is fast becoming a primary source of data for the experts and stakeholders in the travel industry as it offers a profound and holistic insight into the industry  that accounted for 1.9% of total GDP as a direct contribution, and 5.1% as a total contribution to GDP. In monetary terms, the sector contributed approximately N2.3 billion to the GDP as a direct contribution, and N6.2 billion as a total contribution to the GDP.

Related posts

Reddington Performs First Complex Open-Heart Surgery in Nigeria

NigGal

Influential media organizations in partnership with Union Bank and UN-OCHA unveil Wecare4IDPs; an initiative to raise support for internally displaced persons

NigGal

Lagos Empowers Innovators, Tech Start-ups with N100m Innovation Grant.

NigGal

The Nigerian Natural Hair and Beauty Show

NigGal

Stanbic IBTC wins HR awards, consolidates its leading employer status

NigGal

Excitement Greets Arrival of EcobankPay Zone in Lagos Island Markets

NigGal

1 comment

Ateeku July 24, 2018 at 5:26 pm

?

Leave a Comment