Nigeria’s hospitality sector is poised to deliver over 3,700 new hotel rooms between 2026 and 2029, signalling renewed growth and investment in the industry.

This is according to a report by Estate Intel, which further stated that an uncertain business environment has limited the delivery of new stock into the market and pushed completion dates out.

It stated, “There are signs of growth in the hospitality sector as well, as over 3,700 keys are slated for delivery between 2026 and 2029. An uncertain business environment in recent years, however, has limited the delivery of new stock into the market and pushed completion dates out. We anticipate a more bullish environment for hotels as the economy recovers.”

The report further noted that in response to Nigeria’s transition to economic recovery, development starts and pipeline activity across multiple property sectors are growing at a notably faster pace.