Before I show you the top hospitality business ideas that I know of and which you can start in Nigeria today and make a lot of profits from, let me give you a preamble into the current situation on ground. You see, in a world where people now travel like every day around across countries and continents, one has to ask what they are so eager to find. More People are traveling now than they were years ago this probably because the work time has reduced. Another reason is that some people today work remotely without being present at a traditional work place.
Because of this, people get bored and the need arises to go to new places and experience adventures, meet new people, eat new food and listen to new music and witness new cultures. This is a big opportunity for someone who is observant to make money. These people need hospitality when they arrive at places they don’t know or are new to.
One can make a lot of money by providing hospitality for these visitors and this brings us to the main point of this article which is profitable hospitable business idea you can start in Nigeria.
There are quite a number of hospitality business ideas to start in Nigeria but some of the most profitable ones are as follows
(1) Hotel and Bar Business
As we all know, a hotel is a place that provides accommodation, meals, and other services for individuals and groups like travelers and tourists. On the other hand, a bar is a place where drinks and refreshments are sold and served. The two go together because people’s need can change and not all the time people sleep and just eat. They could also want to have a chilled bottle of drink together with other people and either talk to their friends or make new friends there. There will always be the need for these services because people always need them and that’s why it’s a very profitable hospitality business idea.
(2) Event Planning
Nowadays, individuals who plan to host events say wedding, birthdays, inauguration or parties and other events need help from professions in event planning to organize, budget and execute the event in a way the individuals would never have been able to do it. The process of doing all the planning, executing and managing these meetings, gatherings and the rest is called event planning. It is a skill that can be learned and also is a very profitable line of business.
There is always something to do in event planning because the parties never end. People are always gathering for one thing or the other and every new season, natural or man-made events, come with new things to celebrate. The frequency of Birthdays, thanksgivings and the fact that people always want to party is a sign that event planning is a profitable business to go into.
Intercontinental events such as Calabar carnival is an example of how big event planning can go. This, however, is an advanced type of event planning and is done by the state government and can employ hundreds of event planners at the same time. Nonetheless, there are limitless opportunities in event planning. That is why I recommend it as one of the profitable hospitality business ideas you should consider developing before the year runs out.
Everybody has used transportation at one point or the other in their lives either on short distances or long distances. In other words, everybody uses transportation. Humans are not static beings but are variable which means humans always want to move and it is impossible to make these moves without transportation. This conveying from one place to another is why transportation is a very lucrative business. You can help with the increasing demands of transport services and make a lot of money doing this. Transportation is in various forms. There is transportation by air, road, rail, and sea.
Transportation by sea is the one done by ships and boats while transportation by air involves planes, helicopters and jets.
Transportation by road is the kind of transportation that involves movement by vehicles like car, motor circles, and trains and so on. These type of transportation are best used to travel short distances because long distance travel by road could be stressful, slow and tiring.
Transportation by sea is the type done by sea using sea/river/ocean movement vehicles like Canoe, Boat, Ship, etc. It usually is the most effective in transporting bulk goods that cannot be transported by air or land.
Compared to all other forms of transportation, air transportation is faster and this is the arguably the key reason people build airports; to make travel easier and faster.
Every mode of transportation is important in one way or the other and the decision on which to venture into is left for you to make. You have to look at your capital and decide on which form of transportation would suit your budget.
You must not be the one on the saddle to do transportation business. You could be an investor in a transportation business, partner with someone/others and start a transportation business or provide transportation services, transportation spare parts, logistics services, and other value-adding transportation services.
(4) Recreation Centers
This is a place built for recreational activities. Examples of recreational centers are Parks, Museums, Cinemas, Swimming Pools, Gardens, Sports Stadium and many more. A recreational center is a place for various activities including learning, exercise, and even sight-seeing.
As humans this is how we enjoy ourselves here on earth and knowing that people will always look for recreation and fun is the reason why there is endless profit in building of recreational centers.
(5) Travel and Tourism
Travel and Tourism is an industry that involves travelling for business, learning, and discovery or for the sake of fun. Travel and Tourism has since been a major source of income to even governments of certain countries (Nigeria included). It is an industry with endless possibility because people never stop visiting. There are several grades of opportunities in the Travel and Tourism industry. For example, even if you are not a Travel and Tourism Guide, you can simply be a travel writer, writing for magazines or even writing books about beautiful places of the world and where you’d like people to visit and have a good time. Sure, many people would love that. What more? You could earn juicy commissions from Travel and Tourism companies for recommending travelers and tourists to locations to transact business with the company.
Individuals all over the world ignore travelling because they lack the right information. People are very busy and not that they wouldn’t want to travel to beautiful places around the world. They just don’t see strong reasons to travel and this can be an opportunity for you if you know what to do. You could be the one supplying the right information to these individuals. This includes Information such as beautiful places to travel to in parts of the world, hotels to stay in, what to look out for at the destination location(s) and many other useful information on travel and tourism.
Another reason why many people do not travel is that they have heard stories at some point in the past about certain places of the world which could turn out to be totally untrue. If you can make them to understand this by presenting them with the exact true state of things in the destination site, many people could have a rethink, make up their mind and travel to such location. To do this, you may have to set up a travel blog/website and go a step further to offer travel and tourism services like bookings, sales of tickets, souvenirs, etc. on your blog/website. This is a good way to make money from the Travel and Tourism industry.
There is an endless list of hospitality business ideas you can start in Nigeria. This article explained some of these. Like you have seen, these are not very difficult things to do. You could do some of these hospitality business from your home using just your phone/pc and the internet. Examples are setting up a travel and tourism blog/website, and becoming a hospitality business writer.
Hotel and Bar Business, Event planning, Transportation, and setting up of Recreation centers could require a considerable amount of capital.
My advice to you is to start with what your capital can carry for now. There is always an opportunity to scale-up the business with time. I hope this article helps.