Tourism

With the global tourism industry hit hard during the financial crisis and growth slowing in larger markets, international hotels and tourism experts are looking at new opportunities for expansion. Capital investment is set to rise by 7.6% in 2013 to $1.89bn. Internationally branded hotels dominate the market, with several new projects in the pipeline for Lagos and Abuja in particular. Business travellers and visitors working in the oil and gas sector or supporting services are key contributors to the travel industry. While the Nigerian market has its share of challenges, including security concerns, limited infrastructure and a complex visa process, tourism has strong growth potential. This chapter contains an interview with Hassan Ahdab, Vice-President, Regional Director Africa and Indian Ocean Island, Starwood Hotels and Resorts Worldwide.