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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...

13Jun

By Africa BusinessNo Comments

Africa Travel, African News

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...

2023 Outlook: Radisson Hotel Group continues to break hotel-opening records in Africa

20Mar

By Africa BusinessNo Comments

Africa Travel

2023 Outlook: Radisson Hotel Group continues to break hotel-opening records in Africa

Radisson Hotel Group (https://www.RadissonHotels.com), one of the fastest-growing hotel companies in Africa, plans to strengthen its robust African presence in 2023 further with the opening of eight new hotel already confirmed to date. The Group aims to reach 150 hotels within the next five years across the continent, reinforcing Africa as a key growth market. With close to 100 hotels and 16,000 rooms in operation and under development in Africa, Radisson Hotel Group has opened 14 hotels in the region and signed over 25 new hotels, adding more than 4,800 additional rooms to its portfolio in the last two years alone. This equates to 90 percent of its African pipeline and translates to a commendable 15 percent growth to its African operating portfolio, year-on-year, placing the Group wel...

Radisson Hotel Group strengthens its presence in Africa with new properties

8Nov

By Africa BusinessNo Comments

Africa Travel

Radisson Hotel Group strengthens its presence in Africa with new properties

Radisson Hotel Group is rapidly expanding its presence in Africa, with nearly 100 hotels and 16,000 rooms in operation and under development. In the last two years alone, the Group has opened over 16 hotels and secured over 25 new hotels, representing more than 4,800 additional rooms. This puts the Group on target to reach its goals of adding 150 hotels to the continent in the next five years. Commenting at the Africa Hotel Investment Forum (AHIF), on the Group’s unparalleled growth and expansion across the continent, Elie Younes, Executive Vice President & Global Chief Development Officer, Radisson Hotel Group, says, “The last two years have been a time of accelerated growth for the Radisson Hotel Group reaching record milestones regionally and globally. Our balanced development stra...

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 ...