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 hospitality sector continues to attract investments from both international and African investors.

“We are tracking investment from structured funds, predominantly from Europe and the Middle East; an increasing percentage of High Net Worth Individuals from Europe, Middle East, and Africa itself), Owner-operators that invest from Europe, Africa and the USA), as well as Family Offices Middle East, the UK, Europe, and SA.”

In East Africa the top hospitality investments markets are Kampala, Addis Ababa and Dar es Salaam with Nairobi and Kigali ranked at the bottom. Nairobi ranked at the bottom for oversupply while Kigali due to oversupply and limited demand.

Kampala

Troughton said Kampala is one of the next hubs for investments due to its limited branded supply and with the oil prices entering a recovery period; it …