What’s fueling the rapid hotel growth in West Africa?
Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents, four global hotel groups dominate signings and openings on the continent. Over the last four rolling quarters, as of September 2019, Accor, Hilton, Marriott International and Radisson Hotel Group have opened 2,800 rooms and signed deals for 6,600 rooms. Across Africa, hotel development remains important in most advanced economies, such as Morocco and South Africa; and projects are multiplying in East Africa, especially in Ethiopia, Kenya, Tanzania and Uganda.
In an interview, Philippe Doizelet, managing partner for hotels at Horwath HTL, a hospitality consultant, identified four fundamental factors which are fuelling an increasing flow of investment into the hospitality sector in West Africa. They are, in alphabetical order: air connectivity, better economic growth, currency and demographics.
Read more from source article: https://www.howwemadeitinafrica.com/whats-fueling-the-rapid-hotel-growth-in-west-africa/64093/
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