Nigeria’s Hospitality, Restaurant, and Catering (HORECA) sector is one of the fastest-growing segments of the country’s service economy, driven by population growth, urbanization, rising disposable income, and an expanding tourism industry.
The sector plays a pivotal role in job creation, SME development, and foreign investment attraction, positioning Nigeria as a key destination for hospitality expansion in Africa.
Nigeria’s hospitality and tourism industry is projected to exceed USD 7 billion by 2026, with steady annual growth.
The expansion of international hotel chains and modern dining concepts in cities like Abuja, Lagos, and Port Harcourt continues to stimulate market demand.
Growth in quick-service restaurants (QSRs), food delivery, and event catering is reshaping consumer behavior and business models.
The rise of smart hospitality technologies, eco-friendly practices, and digital transformation is redefining operations and customer experiences across the industry.
Increased government focus on tourism infrastructure and private sector investment is enhancing competitiveness and sustainability in the sector.
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