HOTEL DEVELOPMENT IN AFRICA JUMPS 30% TO 64,000 ROOMS
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
The increase is largely down to strong growth in sub-Saharan Africa, which is up 42.1% on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5% pipeline increase this year.
A major shake-up in the rankings by country saw Angola, never before listed among the top 10, push Egypt out of second place, due to a major deal there signed by AccorHotels.
The W Hospitality Group survey is published ahead of the Africa Hotel Investment Forum (AHIF), and will be discussed in detail at the conference by Trevor Ward, W Hospitality Group managing director.
AHIF attracts all the major international hotel investors in Africa and is being held for the first time in Lomé, Togo on 21-22 June. A second AHIF will also take place in Kigali, Rwanda on 5-6 October.
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Trevor Ward commented: “The evidence from our survey is clear – investors remain confident about the future of the hospitality industry on the continent. Even when pummelled daily by low commodity prices, exchange rate problems, political challenges and poor infrastructure, Africa remains resilient.”
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