In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.
Category: Business
Business insights, company profiles and industry analysis covering African markets, leadership, entrepreneurship and economic growth.
South African consumers feel the big squeeze: 99% have changed their FMCG shopping habits to save money
According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago. Of those respondents, 82% say that increased costs of living are to blame for their recent financial struggles, up from 76% a year ago. Nearly two-thirds (62%) state they are worse off due to the economic slowdown, up from 57% a year ago. These findings appeared in “Consumer Outlook 2024″, the latest NIQ Thought Leadership report capturing the mindset and sentiment of consumers around the world.
How to take advantage of retail trends in 2024
This piece discusses the critical shift from omnichannel to ambient technology and the need for retailers to ground their aspirations in reality.
Sustainable Luxury: Genesis Planners Garners Accolades for Two Outstanding Projects
The company received recognition in two distinct categories: Best Luxury Commercial Property Architecture for their outstanding work on Aparna Technopolis and Best Luxury High Rise Architecture for the awe-inspiring Jayabheri The Peak.
Unleashing Opulence: ADDESIGNER’s Mastery of Luxury Office Interior Design
Experience the unparalleled excellence of ADDESIGNER in luxury office interior design. Transforming ambitions into reality with personalized services and sustainable practices.
Luxury Lifestyle Awards Recognizes Clifton Homes as Winner in Two Prestigious Categories
Clifton Homes Limited, Ghana’s fastest-growing residential developer since 2010 is thrilled to announce its remarkable achievement as a winner of two distinguished categories at the esteemed Luxury Lifestyle Awards.
The International Arbitration Conference Will Reveal the Benefits of Arbitration for African Businesses
In its Centenary year, the ICC’s International Court of Arbitration has set servicing African commercial disputes as one of its top strategic priorities. Speaking as […]
Arbitration as a Key Tool for Businesses in the MENA Region
By Samaa A. Haridi, Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International […]
Why the sector is fertile ground for South African entrepreneurs
By Catherine Wijnberg, CEO of Fetola South Africa needs entrepreneurs to reverse our shrinking economy and high unemployment rate. And while they face numerous barriers […]
Beaufort Properties and CityBlue announce two apartment projects in Accra
Award winning Ghanaian Real Estate Developer Partners with Africa’s Fastest Growing Local Hotel Chain, CityBlue Beaufort Properties, one of Ghana’s most experienced residential developers, based […]