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.
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.
Bench Events has revealed Accor will be the host sponsor of the Forum sur l’Investissement Hôtelier Africain in 2020. The show is the Francophone sister event of the Africa Hotel Investment Forum, the premier hotel investment conference on the continent.