African hotel and hospitality market Archives

Egypt and the Big 5 Dominate Hotel Development in Africa

26Mar

By Africa BusinessNo Comments

Egypt and the Big 5 Dominate Hotel Development in Africa

When it comes to hotel development across Africa in 2024, just five words tell the story, “Egypt and the Big 5”. In this context, “the Big 5” does not refer to Africa’s major wildlife attractions, (lion, leopard, rhinoceros, elephant and buffalo) but to the global hotel chains – Accor, Hilton, IHG, Marriott International and Radisson Hotel Group. This year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent, reports a market share of 28% for Egypt and 71% for the Big 5 global chains. The survey, conducted by Lagos-based W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF), is based on responses from 4...

Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

Radisson Hotel Group continues its ambitious growth in Africa with the signing of seven new hotels, adding over 1,400 rooms to its African portfolio. The new hotels expand the Group’s brands, spanning from upscale to premium luxury lifestyle with a new market entry in Gambia and the introduction of new brands in key markets with the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand in Kenya. As one of the fastest-growing hotel companies in Africa, Radisson Hotel Group plans to further strengthen its robust African presence this year beyond signings with at least seven hotel openings and over 1,400 rooms. These openings include the Group’s first hotel openings in Reunion Island and Ghana and expanding its res...

Resilience and collaboration among top themes at the sixth Hotel & Hospitality Show

The African hotel and hospitality market has immense resilience and potential. Recognising this and facilitating a platform for African hospitality to thrive, the Hotel & Hospitality Show, hosted by dmg and Kaoun took place at the Sandton Convention Centre last week to foster growth and collaboration within the sector. “The Hotel & Hospitality Show connects brands and bolsters networking opportunities across Africa’s hospitality market,” said Evan Schiff, Group Event Director at dmg events. “The turn out this year indicates confidence in the industry and the desire to keep doing business, better than ever.” Gugu Sithole, Chairperson of the Johannesburg Tourism Company discussed the drive to promote Johannesburg as a top destination in Africa, with a globally competitive edge. “If...