Trending
- Kenya Power prepares for electric vehicle demand
- IFC Offers ACEP Burkina $2Mn Facility to Support Farmers and SMEs in Burkina Faso
- Kenya: Prime malls, supermarkets thrive in second half of 2022
- Will 2023 be a Win for Africa’s Democracy?
- Rising Flood Waters Spell Doom for Communities in Zambia
- Technology trends that will revolutionize Africa in 2023
- Kenya’s Equity Bank completes acquisition of Spire Bank
- Nigeria’s Union Bank gets $30Mn loan from IFC to lend to SMEs
Browsing: Hotel developers in Africa
Africa is seen as one of the most promising regions for hotel developers, experts have revealed.
Aside from small chains and independents, four global hotel groups dominate signings and openings on the continent.
This is according to Africa Hotel Investment Forum (AHIF) a top-level gathering of investors, developers and business leaders, connecting the industry’s key players from both local and international markets Africa is still viewed as a promising region for hotel investment.
AHIF will this year be held on 6th to 8th October 2020 in Nairobi Kenya.
An analysis by AHIF notes that over the last four rolling quarters, as of September 2019, Accor, Hilton, Marriott International and Radisson Hotel Group have opened 2,800 rooms and signed deals for 6,600 rooms. Across Africa, hotel development remains important in most advanced economies, such as Morocco and South Africa; and projects are multiplying in East Africa, especially in …
