THE EFFECT OF ECONOMIC RECESSION ON HOTEL PERFORMANCE AND GUEST PATRONAGE

  • Type: Project
  • Department: Tourism and Hospitality
  • Project ID: TAH0006
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 42 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1.1K
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Nigeria’s hotel industry performance was influenced   by the country’s economic recession during the third quarter of 2016 and a sour NGN/USD exchange rate. In an attempt to lessen the consequences of the devaluation of the Naira, hotel operators cannot increase the price of rooms in Naira to repay for the loss in value against the dollar, meaning the all-important foreign currency earnings are no longer supporting the industry.  Other problems  experienced by the industry include expensive but erratic power supply, a steadily increasing number of hotels entering the market, lack of grading standards and inadequate hospitality skills. 

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THE EFFECT OF ECONOMIC RECESSION ON HOTEL PERFORMANCE AND GUEST PATRONAGE
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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  • Type: Project
  • Department: Tourism and Hospitality
  • Project ID: TAH0006
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 42 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1.1K
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    Details

    Type Project
    Department Tourism and Hospitality
    Project ID TAH0006
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 42 Pages
    Methodology Statistical Analysis
    Reference YES
    Format Microsoft Word

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