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 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.
South Africa, Seychelles, Mauritius, Mozambique, Tanzania, Namibia, Botswana, Zambia, and Zimbabwe joined some 200 international hotel companies, destination management companies (DMCs), and tour operators to promote twin-center holidays between South Africa and its neighboring countries and its islands.
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.
Social media could destroy the mystery of Africa, but specialists will thrive as a result, according to a panel of senior African tourism businesses at the latest World Travel Market Meridian Club Think Tank, which took place Tuesday, July 10.
The SADC and RETOSA meetings in Mauritius this week was an opportunity for Seychelles and Zimbabwe to speak with delegates and press of major tourism events coming to Africa.
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.