Cairo and Cape Town’s hotel markets have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate for revenue per available room was up 14.9 per cent for the 2011 to 2015 time period.
In the run-up to the first Africa Hotel Investment Forum in Lomé, the organiser, Bench Events, has praised Togo’s commitment to far-reaching infrastructure improvements destined to boost economic growth and transform the country into a strategic transport hub in west Africa. Matthew Weihs, Bench Events managing director, said: “We’re very pleased to be hosting an additional AHIF in Togo at this decisive time, as the country embraces a number of important projects that will enhance its standing as a significant investment destination.”
Haitham Mattar, Chief Executive, Ras al Khaimah Tourism Development Authority speaks to Breaking Travel News at AHIC 2016.
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30 per cent on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey. The increase is largely down to strong growth in sub-Saharan Africa, which is up 42.1 per cent on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5 per cent pipeline increase this year.
Togo is to host an Africa Hotel Investment Forum in spring 2016 reflecting the country’s optimism for further economic expansion. AHIF conferences bring together major international investors, business leaders, government ministers and top officials from across Africa.
The government of Rwanda, through the Rwanda Development Board, will host the Africa Hotel Investment Forum in 2016 in Kigali. AHIF brings together the leading international hotel investors in Africa with local operators, ministers, government officials and industry experts, to discuss all aspects of hotel investment and operation in Africa. The decision to host AHIF in Kigali underlines a clear strategy by Rwanda to attract investment in the tourism sector.
Bench Events, the organiser of the Africa Hotel Investment Forum, has announced that the conference will return to Addis Ababa in 2015. It will take place again at the Sheraton Hotel on September 30th-October 1st. There has been much speculation about location of the next AHIF, after more than a dozen governments sent delegations to last year’s conference and a variety of African tourism ministers made public statements about wanting to attract the event to their capital cities.
The Africa Hotel Investment Forum is set to return to Addis Ababa in 2015. Following much speculation, organiser Bench Events have confirmed the premier conference will take place again at the Sheraton Hotel on September 30 October 1.
Bench Events has announced Haile Gebrselassie, the former Olympic and world athletics champion, has been confirmed as a speaker at the Africa Hotel Investment Forum. The event, billed as Africa’s top event for hotel investors, will take place from September 29th-October 1st in Addis Ababa, Ethiopia. Haile Gebrselassie won two Olympic gold medals at 10,000 metres and four world championships at the same distance.
The increasing rate of inbound tourist arrivals and planned events/conferences is widening an already huge gap between demand for international-standard hotels and supply of accommodation in Addis Ababa, Ethiopia’s capital. A search on TripAdvisor reveals just two international-class, five star hotels in the city, the Sheraton and the Radisson Blu - and anecdotes about delegates attending meetings at the Africa Union’s headquarters having to travel up to 60 miles to find a bed for the night are not unknown.
Bench Events, organisers of the Africa Hotel Investment Forum has released new research revealing what the essential principles are for doing business in Africa. The main findings were that African markets are progressively being seen as open for business and regardless of perceptions of eminent risk, the continent is not considerably different from others.
Bench Events, the organiser of the Africa Hotel Investment Forum, has unveiled a thought-provoking programme and high calibre speaker line-up for AHIF 2014, under the theme ‘Reaching New Heights’. As the two-day conference will take place in Ethiopia for the first time, it allows international investors to take a closer look at the country, which has a tourism economy forecast to be worth ETB150 billion by the end of 2024.