Browsing: Hospitality sector

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.…

Tourism is and has been the world’s largest industry up until the Covid-19 pandemic hit in December last year. 

Countries both in the developed and developing world have seen ecotourism become the fastest growing sector within the tourism industry. With the potential it has, many governments have invested in the sector by ensuring that players are able to maximize output and productivity through rebates and tax relief which saw the sector grow in leaps and bounds. 

However, the pandemic put a damper stifling the growth of the sector and in some cases rolling back gains made over the past few years. 

In East Africa, ecotourism is a powerful economic force since it has largely made an impact in preventing environmental destruction when correctly managed. With the promotion of community development and empowerment, the sector has created employment in areas that were previously failing under what was commonly referred to as …