Lagos: A Growing Hub for Hospitality and Investment

Feb 17, 2025 | Announcement, Upcoming event | 0 comments

The 4th Mega HORECA Show 2025 is set to take place from February 26-28 at the Balmoral Convention Center in Lagos, Nigeria. This event highlights Lagos as a major gateway to West Africa’s market, attracting businesses and investors looking to tap into its booming hospitality sector.

Lagos is not just Nigeria’s economic powerhouse, contributing 26% of the nation’s GDP, but also a key destination for tourism and investment. With over 1.3 million international visitors annually and 65% of Nigeria’s commercial activities happening in the city, Lagos is a prime location for hospitality growth.

The sector has been expanding rapidly, with a 12% annual growth rate and numerous hotel projects in the pipeline. Major developments, such as the $91 million Chelsea Hotel in Ikoyi and a 306-room luxury hotel by DNA Barcelona Architects, show the increasing demand for high-quality accommodations. Additionally, infrastructure projects like the Lekki Deep Seaport and a proposed new airport will further enhance Lagos’ position as a top investment destination.

With the hospitality industry growing and new opportunities emerging, businesses looking to enter or expand in the Nigerian market should pay close attention to this thriving sector.

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