Get the complete project »
- The Complete Research Material is averagely 68 pages long and it is in MS Word Format, it has 1-5 Chapters.
- Major Attributes are Questionnaire, Data Analysis,Abstract.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Background of the study
The establishment of hotels and recreational centers in Nigeria both small scale and large scale has ultimately helped in the socio economic development of the country. For this development that has been as a result of the building and establishment of these hotels to be lasting, the challenges confronting the small scale hotels in Nigeria has to be limited as negligence of these challenges may lead to the shutting down of the already existing ones thereby discouraging entrepreneurs from investing this this profitable niche of business known as the hospitality sector of Nigeria.
The Small and medium scale enterprises have long been recognized as an instrument of economic growth and development in Nigeria. This growing recognition has led to the commitment of World Bank group on Small scale hotels sector, as core element in its strategy, to foster economic growth, employment and poverty alleviation. The World Bank group in 2004 approved roughly $2.4 billion in support of Micro, Small and Medium Enterprises (World Bank, 2001).The Small scale hotels have been given due recognitions especially in the developed nations for playing very important roles towards fostering accelerated economic growth, development and stability within several economies. Several researches have been conducted on the prospect and challenges of Small scale hotels in Nigeria and abroad as Small- and medium-sized enterprises (Small scale hotels) have long been believed to be important in supporting economics development within a country (see Akhtar& CDASED, 1999; Mazzarol, Volery, Doss, and Thein, 1999; Al-Shaikh, 1998) while others such as Chukwuemeka (2006), Agwu and Emeti, (2004), Arinaitwe (2006), Lundström (2005), Oboh (2002), Okpara (2000), Wale-Awe (2000), Ihyembe (2000), Bruch and Hiemenz (1984), Binks and Ennew (1996), Baumback (1983); and a host of othershave observed various factors or challenges that impedes the performance of Small scale hotels ranging from inadequate finance, poor infrastructural facilities, inadequate managerial skill, weak and instability of government policies and other presumed factors and challenges causing premature death of Small scale hotels as Beckman (1983) classified the problems as internal and external. Many studies have looked at the respective factors that are germane to the success of Small scale hotels. Teoh and Chong (2008), Ding and Li (2010) argued about that lack of access to credit and managerial skills are the major obstacles to entrepreneurship development and that in a knowledge-based economy, the intellectual capital is gradually replacing the physical assets in modern enterprises. In the seminal work of Aschauer (1989), he finds that the provision of public infrastructure is a significant determinant of aggregate productivity of Small scale hotels. Pointing to these different findings, it appears that empirical studies on the prospects and challenges of Small scale hotels are still largely inconclusive as the direction to which of these factors serve as prospects for Small scale hotels and those which are really challenges have not been properly identified. In tandem with the objective thrust of this study, none of these studies has observed the ranking of these challenges in order of their importance or the priorities on the Small scale hotels. The authors only argued on the presumed factors that affect Small scale hotels, that is why this study intends to look at factors that have the highest priorities or ranking order of importance using principal component of factor analysis; being the gap existing in empirical works. Apart from this introductory section, the remaining aspect of this study is divided into four other sections.
Significance of the study
Assessing the challenges of small scale hotels in Nigeria would help highlight the challenges confronting small scale hotels in Nigeria with a view to tackling such challenges so that investors can be confident enough to invest in the Nigerian economy which would at the long run help in the socio economic development of Nigeria.
Objectives of the study
The following are the aims and objectives of embarking on this study
- To examine the challenges of small scale hotels in Uyo
- To identify factors that can enhance growth of small scale hotels in Uyo.
- To know if investors are confident of investing in the hospitality sector of Nigeria.
- To know the magnitude of challenges confronting small scal hotels in uyo.
- To proffer solutions to the development of small scale hotels in Nigeria.
Scope of the study
This study is on the assessment of the challenges facing small scale hotels in Nigeria. With Tevoli hotels Uyo as the case study.
- What are the challenges of small scale hotels in Nigeria?
- What are the factors that can enhance the growth of small scale hotels in Nigeria?
- What is the level of challenge confronting the hospitality sector in Nigeria?
- What are the solutions to the development of small scale hotels in Nigeria?
H0: the challenges of small scale hotels in Uyo are low
H1:the challenges of small scale hotels in Uyo are high
H0: small scale hotels do not impact on the economic status of Nigeria
H1:small scale hotels impacts on the economic status of Nigeria
Definition of terms
- Hotel: An establishment providing accommodation, meals, and other services for travellers and tourists, by the night.
- Infrastructure: The basic physical and organizational structures and facilities (e.g. buildings, roads, and power supplies) needed for the operation of a society or enterprise.
- Economy: The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
Aschauer, D. A. (1989): Is Public Expenditure Productive? Journal of Monetary Economics,23(2), pp. 177–200.
Al-Shaikh, F. N.(1998).Factors for small business failure in developing countries. Advances in Competitiveness Research, 6(10): 75-87.
Arinaitwe, S.K,(2006).Factors Constraining the Growth and Survival of Small Scale Businesses. A Developing Countries Analysis.Journal of American Academy of Business, Cambridge, 8(2): 167-179. Ariyo, D. (1999). Small firms are the backbone of the Nigeria economy, Africa Economic Analysis, Africa Business Information Services, Bridgnorth United Kingdom.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR SME/ENTREPRENEURSHIP FINAL YEAR PROJECT RESEARCH TOPICS
» ABSTRACT The study examined the entrepreneurship competencies possessed by students in three Nigerian Universities. The overcrowded job market in Nige...Continue Reading »
2. THE EFFECT OF BANK RECAPITALIZATION ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISE IN NIGERIA» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Small and Medium Enterprises (SMEs) play a vital role in the development of national economy. Due...Continue Reading »
» CHAPTER I 1.0 INTRODUCTION For both developing and developed countries, small and medium scale firms play importantroles in the process of industriali...Continue Reading »
4. PROBLEMS AND PROSPECTS OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA A CASE STUDY OF ENUGU EAST SENATORIAL ZONE» ABSTRACT The main purpose of this study is to identify the problems and prospects of small and medium enterprise in Enugu East Senatorial Zone. To do ...Continue Reading »
5. IMPACT OF PRODUCTION PLANNING AND CONTROL AS A MANAGEMENT FUNCTION ON THE SURVIVAL OF SMALL SCALE BUSINESS» CHAPTER ONE 1.1 BACKGROUND OF THE STUDY This project is all about assessing the impact of planning and controlling as a management function on the sur...Continue Reading »
6. A COMPARATIVE STUDY OF STAFF TURNOVER INTENTION IN SELECTED MALE AND FEMALE HEADED SMALL AND MEDIUM ENTERPRISES (SMES) IN ENUGU URBAN.» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Small and Medium Enterprises (SMEs) have been recognized by development experts, governments and ...Continue Reading »
» Abstract The objective of this research study is to assess accounting personnel in selected small and medium enterprises in Edo State, Staffing is one...Continue Reading »
» Chapter one Introduction A firm usually evaluates its working capital management whether small or medium. The sole motive of every business is to make...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Policy is defined in the Merriam Webster Online Dictionary as a definite course or method of acti...Continue Reading »
» CHAPTER ONE INTRODUCTION Small and medium scale business constitute an important component of the Nigerian industrial sector. The importance of this s...Continue Reading »