Record hotel growth forecast for Africa

Hotel development booms in Sub-Saharan Africa
Sub-Saharan Africa is seeing record rates of hotel development, but investment of new hotels in northern Africa remains slow, a new report says.
Investors are planning 30% more hotels in Africa than they did in 2015, a boom that is defying a cloudy overall economic outlook for the continent, which remains a top hospitality destination for tourists and business travellers.
In sub-Saharan Africa, growth is more than double the rate in North Africa, the report by W Hospitality Group on Africa’s regional and international hotel chains states.
Sub-Saharan Africa still holds opportunities that investors are eager to exploit, but in the north the market is already “more mature” and is also suffering from socio-political crises in Egypt, Libya, Tunisia, Mali and elsewhere.
Nigeria tops the list of countries with the most hotels planned, while Angola – boosted by a deal by AccorHotels to build 50 hotels in the country – is in second place.


Check Also

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Delta, airlines, United, American Airlines, pay, pilots, bonus, wage, profit share, usa, captains

Airline gives employees $1.1bn

Delta Airlines is being generous, and people working for its competitors are not too happy.

Avinor, Oslo, airport, Gardermoen, ski, equipment, baggage, rules, dates, busiest, winter holiday, fly

Busiest winter dates to fly from Oslo

Hundreds of thousands of passengers will be using Oslo Gardermoen in the next couple of weeks.

Deutsche Bahn, DB, delay, storm, compensation, passengers, stranded, climate change, Spiegel, trees, branches

Deutsche Bahn “twists” climate change

German media accuse rail operator of exploiting climate change to avoid blame for delays.

Norwegian, loss, profit, revenue, 2017, year, quarter, costs, oil, fuel, Kjos, result

Norwegian posts €30.7mn full-year loss

The negative result was influenced by global expansion, fleet renewal and other costs.

VR, AI, travel, airline, tourism, flight, First Airlines, Japan, Paris, technology, tour, sightseeing

Boarding now: A flight that never takes off

First Airlines offers first-class service, inflight meals and sightseeing in far-flung cities – all with VR.