Africa Hotel Investment Forum News

AHIF: Outlook bright for African hotels as steady growth gets underway

AHIF: Outlook bright for African hotels as steady growth gets underway

Growth in the African hotel sector has reached a new level of maturity with less reliance on foreign visitors and increased demand from local businesses, according to a new report from global hotel consultancy HVS. The 2015 African Hotel Valuation Index, published to coincide with the Africa Hotel Investment Forum, reports that African hotel brands such as Azalai, City Lodge and Protea are trading well, with a number of hotel investors showing faith in the continent.

Lagos leads African hospitality charge ahead of AHIF 2015

The findings of this year’s Hotel Chain Development Pipeline Survey, produced by W Hospitality Group, show that Lagos is the hottest city in Africa, when it comes to the development of new hotels by international hotel investors. In compiling the data, W Hospitality Group spoke to 37 hotel chains with 80 brands between them. To qualify for the study, hotel chains need to be operating in more than one country so by definition, more hotel development activity is taking place because domestic players in the market have not been counted.

New research reveals surge in African hotel development

New research reveals surge in African hotel development

The findings of the annual Hotel Chain Development Pipeline Survey, produced by W Hospitality Group, show a surge in hotel development in Africa, with a jump in the development pipeline to 270 hotels and nearly 50,000 rooms. Sub-Saharan Africa is also exceeding North Africa by almost 70 per cent, according to the research. The data reveal a modest recovery in North Africa and increasing confidence in SSA - only two years ago the number of rooms in the North African pipeline was the same as that in sub-Saharan Africa.

Africa Hotel Investment Forum 2012: Emaar brings Address brand to Kenya

Africa Hotel Investment Forum 2012: Emaar brings Address brand to Kenya

26 September 2012 Hotel News Travel Events News

Emaar Hospitality Group has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a uniquely designed resort near the world-famous Masai Mara in Kenya. To be operated under the flagship five star premium hotel brand of Emaar, The Address Hotels + Resorts, the new resort in Kenya marks the second hotel management contract for the company in Africa.