Cape Verde News Archives - AfricaBusiness.com

Introduction The development of a country partly depends on the expansion of their hotel and tourism industry. Africa is facing a tough time economically and they are trying their best to fight back this economic crisis. They focus on the hotel management sector and try to develop this industry. A hotel is not only a place of accommodation, it is always more than this. Building a hotel means creating opportunities for new jobs and it boosts the regional economic activity in general. History The history of African hotel industry is not very old. It was started back in 1960 with the declaration of their independence. However, the development of hotel industry comes to a standstill due to the lack of investment. Another reason behind this standstill is the investors moved ...

Demand to outstrip supply – major investment opportunities Cape Verde could be on the brink of a hotel development wave if the government fulfils its promises to improve infrastructure and transport links. It aims to attract more than a million tourists a year by 2020, far more than the current hotel supply can cope with, so investor opportunities on the archipelago, strategically located in the Atlantic Ocean around an hour from Dakar and around four hours from Brazil and Lisbon, could be enormous. A detailed analysis comes from Horwath HTL, a global leader in hotel, tourism and leisure consulting, ahead of the new Forum de l’Investissement Hôtelier Africain (FIHA) in Marrakesh in February 2019. The conference, organised by Bench Events as a sister event to the long-established Africa Hot...

Cape Verde News

Hotel Development Industry in Africa

Cape Verde aims for the magic Million