Africa Hotel Investment Forum News
Explore the African hospitality investment landscape with AHIF and HVS Middle East & Africa
Explore the African hospitality investment landscape with AHIF and HVS Middle East & Africa! Join the exclusive webinar on May 23rd to delve into crucial topics like valuations, development strategies, and financing options.
Morocco minister argues confidence is returning to Africa tourism market
The mood in the regional tourism sector has shifted in the past month, Nadia Fettah Alaoui, minister of tourism for Morocco, has told delegates at the Africa Hospitality Investment Forum.
AHIF 2019: IHG signs for ten new Africa properties with Aleph Hospitality
InterContinental Hotels Group has signed a master development agreement with Aleph Hospitality to develop ten franchise hotels in the midscale and upscale segments. The agreement was signed at the Africa Hotel Investment Forum in Addis Ababa, Ethiopia.
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AHIF 2019: Mantis to welcome eco-lodge innovation hub
Accor has sought to reaffirm its commitment to sustainable tourism development on the African continent at this week’s Africa Hotel Investment Forum as it unveils the world’s first eco-lodge innovation hub by Mantis.
AHIF 2019: Radisson Hotel Group signs 11 Africa properties
Radisson Hotel Group has confirmed the signing of 11 new hotels in Africa within the first nine months of 2019, accelerating its expansion across the continent.
AHIF 2019: Aleph Hospitality signs for two Zanzibar properties
Aleph Hospitality has entered the Tanzanian market with the signing of a management agreement to operate two boutique resorts, the Moja Tuu and Hakuna Majiwe, in Zanzibar.
AHIF 2019: Accor to take Novotel into Democratic Republic of Congo
Accor will debut its midscale brand Novotel in the Democratic Republic of Congo. The news follows the signing of three properties during the Africa Hotel Investment Forum taking place in Ethiopia this week.
AHIF 2019: Tourism remains key driver of economic growth in Africa
Travel and tourism remained one of the key growth drivers of Africa’s economy, contributing 8.5 per cent of the GDP in 2018; equivalent to $194.2 billion.
AHIF 2019: Hilton reaches historic Africa milestone
Hilton has announced the signing of Hampton by Hilton Sandton Grayston at the African Hotel Investment Forum in Ethiopia. The deal marks the first for the brand in Africa and sees the company reach the milestone of 100 hotels trading or under development on the African continent for Hilton in its centenary year.
AHIF 2019: RevPAR continues to grow in Africa, STR reveals
Africa has seen strong growth in revenue per available room for a sustained period, according to the latest figures from STR. Speaking at the Africa Hotel Investment Forum, STR director Thomas Emanuel said RevPAR had grown for 87 consecutive months amid a period of low supply growth and strong demand.
AHIF 2019: Marriott to add 40 Africa hotels by 2023
From the Africa Hotel Investment Forum in Addis, Marriott International has reinforced its commitment to Africa by announcing it expects to add 40 properties and over 8,000 rooms across the continent by the end of 2023.
JLL identifies mixed-use developments as key to Africa investment success
A new report from JLL has revealed investors seeking to finance a new hotel in Africa will be much more successful if the project is part of a mixed-use development.