In 2021, Nigeria spent about $1 billion on international travel despite and COVID-19 pandemic, which had a negative impact on the global economy. But 2022 half-year results from travel agencies have shown that Nigerians may spend more money on foreign travel.
 
Recently, the International Air Travel Association (IATA) noted that Nigeria is one of the countries that quickly bounced back on international travel post COVID-19 restrictions. IATA added that there are projections that in 2022, Nigeria would record about 4 million passenger traffic on international travel, compared to 2,219,146 recorded in 2021.
 
More details at:
https://www.thisdaylive.com/index.php/2022/06/10/nigeria-projected-to-spend-over-1-5bn-on-international-travel-in-2022/

The Regional Director for Africa, Radisson Hotel Group, Bert Fol, says the brand plans to expand its hotel business operations in Nigeria and other African countries from 100 to 150 hotels by 2025. He also said the company would double its presence and operations in Nigeria within the period.
 
According to him, Nigeria is among the company’s four focus countries on the continent and, as such, Radisson plans to aggressively increase its portfolio in the West Africa nation…
 
More details through:
https://punchng.com/radisson-targets-150-hotels-in-nigeria-others/

About 20 years later, the Radisson Hotel Group debuted in Africa with a single hotel, which was its flagship in the face of competition among other global brands on the continent then.
 
Today, the Group has grown its portfolio from one to almost 100 hotels in operation and under development in more than 30 countries across the continent, cementing the Group’s leading position as the hotel company with the largest active presence in the most countries across Africa…
 
More details through:
https://businessday.ng/arts-and-life/article/radisson-hotel-group-seeks-to-consolidate-presence-in-nigeria/
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The US Mission in Nigeria has hailed the growing US-Nigeria commercial ties as Burger King expands to Nigeria. The US Mission Commercial Counselor, Jennifer Woods, welcomed the arrival of the iconic US brand in the country during the grand opening of Burger King’s first outlet in Nigeria, according to a statement.
 
Woods said, “With Africa’s largest economy and a sizable youth population that is connected to the world, US brands must consider Nigeria a critical market. And while these companies will benefit from expansion into Nigeria, so, too, will Nigeria benefit from their presence…
 
More details through:
https://punchng.com/us-hails-burger-kings-expansion-to-nigeria/
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A Russia company, Kinglace Ice Cream, has opened a new branch in Lagos as unveils its five-year expansion plan in the country.
 
In the next five years, the company hopes to open 60 new branches which it hopes would create 1000 direct jobs besides several ones.
 
Speaking to The Guardian at the official launch of the branch of Kinglace as well as Burger King in Lagos, a shareholder of the firm, Roman Lola, explained its relationship with the iconic American brand, Burger King…
 
More details through:
https://guardian.ng/business-services/kinglace-unveils-five-year-expansion-plan-opens-ice-cream-bar-alongside-burger-king-in-nigeria/
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Le Rambouillet, a California-based and luxury travel concierge company, has announced its intention to open its operations in Nigeria. The expansion is expected to ensue in the first quarter of 2022, and is already billed to provide hundreds of job opportunities for Nigerians.
 
Speaking for the organisation, Tope Raheem, Head of Corporate Affairs said; “This is a strategic move for Le Rambouillet and for our existing and potential clients in Nigeria. Moving to Nigeria will be playing a key role in our global strategy of expansion and growth, as well as our intention to contribute immensely to the Nigerian economy.” “We are hopeful that we will be able to replicate in Nigeria the same successful model we implemented in America, the United Kingdom, and the United Arab Emirates,” Tope said…
 
More details through:
https://www.sunnewsonline.com/us-travel-firm-le-rambouillet-expands-to-nigeria/

The Akwa Ibom State government has said its 146 rooms FourPoint Sheraton Hotels will begin operations this year.
 
The Director of Projects, Ministry of Special Duties, Engr. Ephraim Udosen, on Tuesday in Uyo said the multi-billion naira hotel located in Ikot Ekpene LGA is 97 per cent completed. The 12 floors edifice commissioned in 2015 was not completed before the commissioning, officials said.
 
Udosen said modifications and upgrades in more than 50 key facilities and areas have been done to meet the standards of the hotel managers, Marriott, which has created a recruitment portal for the hotel…
 
More details through:
https://dailytrust.com/a-ibom-to-operate-146-room-hotel-this-year
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Burger King, an American quick-service restaurant (QSR) chain, has finally entered Nigeria with eye on the volume of in-store transactions that Africa’s most populous country offers. The QSR chain will open its first stores in the country by the third quarter of 2021…
 
More details through:
https://businessday.ng/business-economy/article/counting-on-in-store-transactions-burger-king-berths-in-nigeria/
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Eat’N’Go limited, the leading Quick Service Restaurant operator in Nigeria and Master Franchisee for world-class food brands – Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt, today announced its expansion into East African market. This comes after the successful acquisition of the franchisee which operated Cold Stone Creamery and Domino’s Pizza in Kenya.
 
This acquisition will see Eat’N’Go limited become the largest Domino’s pizza and Cold Stone Creamery Master Franchisee in Africa with operations in Nigeria and Kenya. Since its entrant to Nigeria in 2012, the leading Quick Service Restaurant company has grown exponentially and continuously nurtured the drive to extend its footprint across the African market. This acquisition provides them their first foreign market expansion, making them a Pan African company with a total number of 147 outlets across Africa and a projection to reach 180 stores by end of 2021…
 
More details through:
https://www.thisdaylive.com/index.php/2021/04/08/eatngo-expands-to-east-africa-acquires-dominos-pizza-and-coldstone-franchise-in-kenya/

So Fresh Neighborhood Market Ltd., a fastgrowing indigenous healthy food restaurant chain said it would invest over $10 million in the West Africa region in the next seven years Managing Director/CEO of So Fresh, Olagoke Balogun disclosed this during a recent event to mark the 10 years of operation of in Nigeria.
 
He disclosed that the investment plan is part of the company’s expansion drive which will surpass 100 stores, while keeping the focus on building a healthy nation, create jobs and expanding learning and capacity in the food retail space.
 
So Fresh, founded in 2010 by the couple company founded by a couple, Olagoke and Abimbola Balogun as fruitivegies Limited, has become the prime destination for people to make clean, safe delicious and healthy food choices. Olagoke disclosed that the company which started 10 years ago now has 10 stores in Lagos and Abuja…
 
More details through:
https://www.newtelegraphng.com/so-fresh-neighborhood-market-to-invest-10m-in-nigeria-others/