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.
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.
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.
The Africa Hotel Investment Forum will return to Kenya in September 2013. The conference, which took place in Morocco in 2011 and Nairobi in 2012, has stayed put after the Kenyan government made a compelling case to keep it in Kenya, following the success of the 2012 event.
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.
Hilton Worldwide has announced the signing of a new DoubleTree by Hilton hotel in Cape Town, South Africa with local operator, Upper Eastside Hotel. The hotel will be Hilton Worldwide’s fifth property in South Africa and its second in the ‘Mother City’ of Cape Town.
Rezidor Hotel Group has announced the very first Park Inn by Radisson hotel in Senegal, the Park Inn by Radisson Dakar, during the Africa Hotel Investment Forum 2012. The property features 122 guest rooms is scheduled to open in the fourth quarter of 2014.
London-based design practice Areen Hospitality has been appointed to undertake the interior design for what will be Ibadan’s first international four-star hotel. Located in the third largest metropolitan area in Nigeria, after Lagos and Kano, the hotel is anticipated to be an important business hub for the city, with a world class offering that puts Ibadan on the international map.
Kempinski Hotels has announced plans for further expansion into Africa during the Bench Events-organised Africa Hotel Investment Forum. With new management agreements under review in more than a dozen countries and five hotels under development across the continent, Kempinski plans to significantly increase its presence in Africa as the leading luxury hotel brand over the next five years.
A recent study conducted by Lagos-based consultancy W Hospitality Group has revealed that hotel development in Sub-Saharan Africa by international hoteliers has leapt forward, with a massive 42 per cent increase in pipeline rooms. W Hospitality estimates that the hotel chains polled in its recent survey currently have almost 99,000 rooms operating in Africa, with around 44,300 in North Africa and 54,600 in sub-Saharan Africa.