Report: Nigerian hospitality industry’s GDP to grow at 5.4% rate

The World Travel & Tourism Council’s Economic Impact Report (EIR) has revealed that Nigeria’s travel and tourism sector’s contribution to GDP is forecast to grow at an average rate of 5.4 per cent between 2022-2032. According to a report by APO, after many months of low or no growth, the Nigerian hospitality industry is gearing up to take advantage of good future opportunities. However, customers now prefer to browse, research, and transact online and hotels must ensure they can offer their foreign customers as many digital payment methods as possible.
 
The report goes on to point out that this will boost the sector’s contribution to GDP to nearly $27.8 billion by 2032, which represents 4.9 per cent of the total economy. According to the report, travel and tourism companies hoping to benefit from this growth, especially when it comes to lucrative international business tourism, must take a closer look at digital payment options as part of their competitive offering.
 
 
More details at:
https://www.newtelegraphng.com/report-nigerian-hospitality-industrys-gdp-to-grow-at-5-4-rate
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