africa hospitality market
Africa’s Hospitality Market: The 2017 Year in Review
HTI Consulting | March 5, 2018
The African hotel market experienced another eventful and evolutionary year in 2017. The continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region. "Both upward and downward trends were noticeable across the continent in 2017, with more positive conditions in West Africa as oil economies geared up in response to a recovering oil price," says Wayne Troughton of African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting. "Political instability ...
How Africa’s Hotel Market is Entering a New Chapter
December 7, 2017
By Natasha Stokes Africa's maturing hotel sector is no longer all about the luxury properties catering for high-end travelers. A new wave of domestic visitors and the continued growth of international tourism are fueling demand for mid-market options, along with niche segments like serviced apartments, in the continent's bustling centers such as Lagos, Nairobi, and Johannesburg. "The hotel market in Sub-Saharan Africa has evolved in the last decade with many global operators opening quality hotels in key markets like South Africa, Mauritius and Kenya," says Xander Nijnens, Executive Vice President, Hotels & Hospitality Group Sub-Sah...
Africa’s Hospitality Sector Withstands Economic Headwinds
PwC | June 30, 2017
PwC's 7th edition of the 'Hotels Outlook: 2017-2021' projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5 billion JOHANNESBURG, South Africa, June 30, 2017/ -- South Africa's hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa (www.PwC.co.za), says: "Africa's hotel sector has remained resilient in the face of strong economic headwinds." PwC's 7th edition of the 'Hotels Outlook: 2017-2021' projects that South African hotel room re...
Africa’s Hospitality Market: 2016 Year in Review
Wayne Troughton, CEO, HTI Consulting | April 18, 2017
by Wayne Troughton, CEO, HTI Consulting The year 2016 was a busy and interesting one for the African hotel market. Hotel investment in Africa made progressive strides, with new hotels launched in new countries and cities across the continent and economic and political events, currency volatility and fluctuating tourism demand bringing both challenges and opportunities to hotel markets across the region. African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting, here provide a brief summary of the top five and bottom five performers across 13 African cities for 2016, as indicated by STR Global. Occu...
