Examining the State of Hotel Development in Africa

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Examining the State of Hotel Development in Africa

A total of 365 hotel chain development pipelines were reported in Africa in 2016, with 64,231 rooms. This is according to a report by the W-Hospitality Group; that provides advisory services in the hotel, tourism, leisure, and real estate industries to investors. This is a record 29.2% increase, from the 2015 numbers of 270 hotels and 49,715 rooms in the pipeline activity.

Furthermore, a JLL hotel research (Jones Lang LaSalle) predicts an investment of $1.7 billion in 2017, in hotels in Sub-Saharan Africa with $1.9 billion more in 2018. This is expected to increase the hotel rooms in the region from the current approximate of 257,000.

Africa’s continuous economic growth is incessantly attracting both domestic and international investors due to extensive business opportunities. The hospitality industry is a major beneficiary of these investments because of its lucrative nature, a factor that explains the increasing development of hotels.

Read more: Examining the State of Hotel Development in Africa | By Josephine Wawira – Hospitality Net

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