The inaugural Hotel Investment Conference Africa has opened at the Hyatt Regency Casablanca, with over 350 international delegates attending from across the hospitality sector. Delegates include government representatives, investors and industry experts. HICA seeks to bring together the hotel investment community and those who finance it to explore opportunities for growth in Africa.
Investment in Moroccan tourism had a strong year in 2010. The tourism industry contributed 7.7% towards Morocco’s GDP. Foreign Direct Investment (FDI) in 2010 was 3.3 billion dirham (out of 32 billion dirham) and for the first eight months of 2011, tourism investment has remained strong.
The contribution of tourism to African economic and social development should not be underestimated, according to the hosts of a new tourism industry event designed to explore possibilities of investment in the region.
Africa is moving decisively out of recession, and looks set to renew its pre-recession average growth rate of six per cent per annum. As the continent emerges as one of the hottest destinations on the tourist trail, Breaking Travel News looks at the secrets of its success ahead of the Hotel Investment Conference Africa in September.
Ahead of Hotel Investment Conference Africa in September, Breaking Travel News talks to Jonathan Worsley, chairman of hosts Bench Events, about the immense potential for growth on the continent.
Over the last couple of years there has been a dramatic change in the way investors are looking at the African continent as a place to do business. And the foundations of many of the African markets are proving to show a solid footing. Bench Events has been at the cutting edge of this trend, with the annual Hotel Investment Conference Africa, scheduled for later this year, ideally placed to allow investors access to this developing market.
The Minister of Tourism for the Kingdom of Morocco has agreed to join a line up of speakers for the forthcoming Hotel Investment Conference Africa in Morocco.The prestigious conference takes place in Casablanca September 26-27 and will focus on the opportunities across Africa.
As some markets stabilise and others remain in recovery, Hotel Investment Conference Africa is set to bring in the experts to examine how change affects hotel investors and where the latest opportunities lie. Taking place on September 26th-27th, Casablanca, Morocco, will host this industry leading event.