hotels Archives - AfricaBusiness.com

20Aug

By Africa BusinessNo Comments

Africa Travel

Global tech company sets sights on Africa’s untapped potential in online booking

After establishing a strong presence in South Africa over the past two years, global booking platform Profitroom has announced it is accelerating its expansion across the continent with a hyper-localised strategy to empower hotels across Africa. Leading this charge is newly appointed Regional Director for Africa, Leigh Myles, a 25-year hospitality veteran with a deep understanding of the region’s nuances. Under Myles' leadership, Profitroom aims to achieve a 40% market share in South Africa by 2026, while expanding into key Sub-Saharan markets like Kenya, Tanzania, Botswana, Mauritius and Namibia. The company has set an ambitious goal of onboarding 500 new properties and driving a 65% growth in total ARR (Annual Recurring Revenue) by 2026. "Africa represents a tremendous opportunity f...

22Oct

By Africa BusinessNo Comments

Africa Travel, Morocco News

Hospitality Investment Leaders meet at Morocco Tourism Investment Day at Expo Dubai 2020

On Monday, 11 October, the Moroccan Agency for Tourism Development (SMIT) hosted the Morocco Tourism Investment Day as part of Morocco: Global Investment Hub Week, which took place at the Morocco Pavilion at Expo Dubai 2020, in partnership with Bench, the organiser of the Africa Hotel Investment Forum (AHIF), which is the premier hotel investment conference in Africa. Imad Barrakad, CEO of the Moroccan Agency for Tourism Development (SMIT) welcomed over 50 senior hospitality investment leaders to the exclusive, invitation-only meeting saying “Morocco is full of tremendous opportunities at the moment especially in destinations in the South and Agadir and now is the perfect time to invest”. Hamid Bentahar, Chairman of the National Confederation of Tourism was interviewed by Laura Buckwel...

12Sep

By Africa BusinessNo Comments

Africa Travel, Events

AHIC 2021 at a glance: a sneak peek at the sessions and speakers set for this year’s highly anticipated event

Hospitality investors, owners and operators will meet in Dubai from 20-22 September for the 17th edition of AHIC, returning to Madinat Jumeirah live in person The Arabian & African Hospitality Investment Conference (AHIC) returns to Madinat Jumeirah in Dubai live in person from 20-22 September 2021, bringing together four powerful, active investment communities from across the region. For the first time, AHIC 2021, organised by Bench and MEED, will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. United by the theme Rise Together, investors, owners, private equity firms, ...

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...

Egypt heads the Africa hotel development top ten

9May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Egypt heads the Africa hotel development top ten

With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase (ignoring recent openings and taking in to account deals that have not come to fruition) of almost 11,000 rooms in the pipeline, 17% up on 2018. W Hospitality Group’s Hotel Chain Development Pipelines in Africa survey had a record 43 international and regional hotel contributors t...

Investments into the South African hospitality sector

25Apr

By Africa BusinessNo Comments

Africa Travel, South Africa News

Investments into the South African hospitality sector

JLL has released its 2019 SA Hotel Investment Outlook report forecasting that R1.9 billion will be invested into new hotels, and around R6.9 billion in total over the next three years. This translates into 3,900 new rooms across South Africa. The report highlights that there has been a clear shift in the way that capital is being deployed into the hotel sector, with a number of opportunistic and disruptive activities driving this increase in development activity. Despite the uptick in new development, the hotel sector has not been spared from poor macro-economic headwinds in recent years and performance has been challenging, with revenue per available room declining 1.4% for during 2018. Poor levels of business confidence and pressure on government travel has been the primary reason for th...

15Jan

By Africa BusinessNo Comments

Africa Travel, Cape Verde News

Cape Verde aims for the magic Million

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...

22Apr

By Africa BusinessNo Comments

Africa Travel, African News, Nigeria News

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by CarlsonSM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com The Carlson Rezidor H...