Rene Bernard Beil, managing director, Beaufort Global Partners, speaks to Breaking Travel News about the African hospitality market during AHIF 2017 in Kigali, Rwanda.
Avani Hotels & Resorts, the vibrant upscale brand by Minor Hotels, will debut in North Africa with two new properties in Tunisia, in partnership with Groupe Chaabane. Scheduled to open in the coming months, Avani Les Berges Du Lac Tunis Suites will be located in Les Berges du Lac II, a prime commercial, residential and diplomatic area in the Tunisian Capital.
The Rwandan hotel investment market has improved strongly over the last eight years, according to the African Hotel Report 2017 by Hotel Partners Africa. According to research to be released at Africa Hotel Investment, Rwanda has entered the top ten most valuable countries in Africa for hotels for the first time.
From the Africa Hotel Investment Forum in Kigali, Rwanda, Marriott International today announced further expansion plans in Africa with seven new hotel signings. Marriott International was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for $210 million in 2014.
STR has highlighted Africa’s key hotel development and performance trends. Based on August 2017 data, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11 per cent of the continent’s existing room supply.
Nigerian hotels are the most valuable hotels on the African mainland, according to the African Hotel Report 2017. Despite the economic problems experienced by the market in recent years that have seen values fall by 16.4 per cent in the last two years, average values are the third highest in all of Africa, behind only the Seychelles and Mauritius, according to David Harper of Hotels Partners Africa, the report’s author.
The significant economic benefits to host countries of the influential Africa Hotel Investment Forum have been quantified in an independent assessment by the international audit, tax and advisory experts, Grant Thornton.
Hilton Worldwide has marked this year’s African Hotel Investment Forum with the announcement of new properties and extensions in three African countries. It continues the company’s commitment to expansion across the continent as it seeks to double its footprint from its existing 39 hotels to more than 80 hotels in the next three to five years.
The seventh Africa Hotel Investment Forum, being hosted this year in Rwanda, promises a highly influential line-up of speakers, ready to unpick the major challenges and opportunities facing the hospitality industry in Africa. AHIF brings together a prestigious group of international investors, business leaders, industry experts, government ministers and officials, from over 50 countries.