Africa Tourism News

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 now the world’s second fastest economy

Africa now the world’s second fastest economy

27th Jan 2013 Press Release Tourism News

Africa is already the world’s second fastest growing economy after expanding 5% a year in the past two years, well above the global average, and Africa’s GDP is on track to grow by 5.3% this year, a televised debate with the presidents of Nigeria and South Africa and business leaders reported today at the 43rd World Economic Forum Annual Meeting in Davos, Switzerland.

What Does It Take To Do a Hotel Deal in Africa?

What Does It Take To Do a Hotel Deal in Africa?

18th Aug 2012 Focus

At the Africa Hotel Investment Forum (AHIF) this September in Nairobi, one of the hot topics on the agenda will be ‘What it takes to do a deal in Africa’. The forum will take place in Nairobi on September 25-26.

W Hospitality Group: Africa’s time to shine has come

W Hospitality Group: Africa’s time to shine has come

28th Mar 2012 Focus

New research out this week from Lagos-based W Hospitality Group reveals the hotel industry is betting big on a boom in Africa over the coming years. Virtually all the major hotel chains are making moves to increase their presence across the continent, the report finds.