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Browsing: Africa hospitality growth
While the hospitality sector was one of the most hit during the pandemic, it has also been among the fastest to rebound on the African continent.
According to a recent W Hospitality survey, hotel chains signed 447 transactions in 2021, and the number of rooms (80,291 rooms) added to their development pipeline is nearly the same to 2019
Marriott Hotel & Resorts, Hilton, and Radisson Blu are the most active hotel brands in terms of on-site construction.
According to the report, the on-site construction period is often beneficial to hotel chains and many others involved – a new hotel implies more jobs, tax money for the government, increased economic activity in the value chain, more advertising spending for the location, and so on.
Bottom and top hospitality investment markets in Africa as shared by Wayne Troughton of HTI Consulting. According to Troughton, the…
