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.
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.
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.