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...