africa s hospitality sector
Africa’s Hotel Sector Offers Potential for Further Growth Over the Next Five Years – PwC Report
PwC | July 5, 2018
South African hotel room revenue is expected to expand to R21.8 billion in 2022, up 5.6%, compounded annually, from R16.6 billion in 2017 JOHANNESBURG, South Africa, July 5, 2018/ -- Africa's hotel sector has the potential for further growth over the next five years. An increase in the number of foreign and domestic travellers, as well as an expansion in a number of hotel chains on the continent reinforces the hotel sector's untapped potential for business growth. These are some of the highlights from a report issued today by PwC (www.PwC.com) on Africa's hotel sector. PwC's eighth edition of the Hotels outlook: 2018-2022 includes infor...
Africa Hotel and Tourism Entering Period of Sustained Growth
October 5, 2015
LONDON, United Kingdom, 5 October 2015 -- The hotel and tourism industry in Africa is beginning a period of sustained growth, according to the sector's leading experts gathered at the Africa Hotel Investment Forum in Addis Ababa (http://www.Africa-Conference.com). The conference heard that inward international flights were recovering after being hit by the ebola outbreak. And the hotel sector reported significant expansion, as well as increased visitor numbers, boosted by demand from African business. Now in its fifth year, AHIF (30 September to 1 October 2015) brought together 500-plus leading international hotel investors, local opera...
