Trending
- Italy, Libya sign US$8 billion gas deal as Meloni visits Libya
- Allianz Risk Barometer 2023: Top threats for Kenyan Businesses
- Adil Arshed Khawaja replaces John Ngumi as Safaricom Chairman
- EABL half year profit remains flat as costs rise
- Can Nuclear power generation save Southern Africa’s Power Pool?
- The Slowdown of the Global Economy: What it means for Africa’s Fragile Economies
- Tullow Oil to invest US$10 million in Kenya’s oil field development
- Harnessing 4IR to propel Africa’s economy to address unemployment
Browsing: Radisson Hotel Group
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.
Kenya’s capital-Nairobi could soon have an oversupply of hotel rooms, latest trends have indicated, in the wake of heavy investments…
