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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...

28Oct

By Africa BusinessNo Comments

Africa Travel, Botswana News, Cape Verde News, Democratic Republic of the Congo, Kenya News, Nigeria News, Rwanda News, South Africa News, Tanzania News, Zambia News, Zanzibar

Hotel Development Industry in Africa

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 ...

26Sep

By Filippo SonaNo Comments

Africa Travel, Kenya News

Pushing the boundaries of African hospitality

According to the annual African Hotel Chain Development Pipeline Survey from W Hospitality Group, there are 75,000 branded rooms in 401 hotels in the pipeline across Africa On the occasion of the Africa Hotel Investment Forum (AHIF) (https://www.AHIF.com) this week, Filippo Sona, Managing Director, Global Hospitality Drees & Sommer (https://www.DreSo.com/), asks whether Sub-Saharan Africa is ready for an iconic hotel asset that will shape the image of African tourism. According to the annual African Hotel Chain Development Pipeline Survey from W Hospitality Group, there are 75,000 branded rooms in 401 hotels in the pipeline across Africa – a growth of 51% in total pipeline rooms since 2015. The big global chains dominate, with Marriott International representing 81 hotels; Accor 57...

Mixed-use is the key to funding hotel development in Africa

16Sep

By Africa BusinessNo Comments

Africa Travel, Real Estate

Mixed-use is the key to funding hotel development in Africa

A new report from JLL, the world’s largest professional services firm specialising in real estate, has revealed that people seeking to finance a new hotel project in Africa will be much more successful if their hotel is part of a mixed-use development. JLL’s research into global property transactions reveals that in the first half of 2019, there was a 42% increase in the value of mixed-use property transactions, whereas there was a decline in other sectors, with Office down 4%, Industrial down 6%, Retail down 20%, Hotel down 18% and alternatives down 40%. Xander Nijnens, Executive Vice-President, JLL Sub-Saharan Africa, explains that the trend is driven by lenders’ approach to risk. He said: “Diversifying risk by including alternative types of property, commercial, retail, hotel and bran...

28Jul

By Africa BusinessNo Comments

Africa Travel, Ethiopia News, Interview, Main

Hospitality industry development in Africa.

Interviews with global business leaders. Join Mark Willis, Chief Executive Officer, Middle East & Africa, Accor at #AHIF from 23-25 September 2019, Addis, Ethiopia. He will be speaking at our regional leader's panel to discuss Accor's growth strategies in Africa, having 143 hotels across the continent and another 60+ to open in the next 36 months. "Marriott International is a leading operator in Africa with 20,000 keys in 20 countries and 14,000 keys under development" - Alex Kyriakidis, President & Managing Director, Middle East & Africa, Marriott International. Join him at #AHIF from 23-25 September in Addis, Ethiopia. Africa is the place to be and for the next 10 years, it will be one of the fastest growing developing markets for the hospitality industry” - Filippo Sona M...