New Hotel projects popping up in Africa

By
Font size: Decrease font Enlarge font
Investors not too bothered by Africa's slowdown as planned hotel rooms increase sharply, according to figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey. Investors not too bothered by Africa's slowdown as planned hotel rooms increase sharply, according to figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.

Multiple new hotel developments are popping up throughout Africa — another sign of the continent's emergence as a prime destination for business and leisure travelers.

Hotel investors not too bothered by Africa's slowdown as planned hotel rooms rise sharply, according to figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.

The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year.

The increase is largely down to strong growth in sub-Saharan Africa, which is up 42.1% on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5% pipeline increase this year.

In the latest rankings by country saw Angola, never before listed among the top 10, push Egypt out of second place, due to a major deal there signed by AccorHotels.

TO GET THE FULL STORY, CLICK HERE FOR MORE

Read more on:

Hotels and Leisure  |  W Hospitality Group  |  Accor
Nedbank Corporate and Investment Banking

  • Email to a friend Email to a friend
  • Print version Print version

Newsletter


Please enter your e-mail address below and click 'Subscribe'.