Investigating the Prospect and Problems of the Hotels in Ilaro, Ogun State Nigeria.

Abstract

The study focused on investigating the prospect and challenges facing hotel using four selected hotels in Ilaro as study area. It is an empirical study whose major source of data was primary source through questionnaire which was conducted among 85 respondents. The major challenges faced by the hotel industry is lack of adequate financing, location, inadequate number of staff both skilled and unskilled which affects the efficient productivity of the hotel. These major problems may result to the hospitality industry not be able to meet up with the advancement in the level of technology thereby losing its brand and the level of patronage. Correlation and regression analysis was utilized to test the relevant hypothesis. It was found out from the study that challenges significantly influence the growth anddevelopment of hotel Industry; and also challenges have significant effect on efficiency and effectiveness of Hotel Industry. The study therefore recommends that Government should make policy which will encourage the growth of hotel industry in the state through tax reduction and making friendly policies that will favour the growth of hotel industry. The study concludes that if the challenges faced by the hotel industry are not tackled with it may lower the employment opportunity thereby bringing unemployment problem to the society.