african hotel 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 ...
Nigeria, Senegal And Cape Verde Dominate the West African Hotel Pipeline with 77% of the Total Planned Hotel Rooms
API Events | November 14, 2017
W Hospitality Group's 2017 Hotel Chains Pipeline report shows that hotel groups need to tackle lengthy development periods in West Africa JOHANNESBURG, South Africa, November 14, 2017 -- West Africa has been at the heart of the continent's growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region's economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Côte d'Ivoire, Mali, and Senegal have shown economic resilience and sustained growth. As...
In Focus: African Hotel Market Update
Tim P. Smith | January 27, 2017
By Tim P. Smith Introduction Wow, 2016 was quite a year and turned the world on its head; the UK voters opted for Brexit and the US electors chose Donald Trump as their next president. These monumental decisions will have far-reaching ramifications that will impact on us all, including Africa. Sterling has weakened considerably, even against the Rand, despite a lack of positive economic progress in South Africa. We are waiting to see what will happen when Trump takes the keys to the White House in January, but there may be a reduction in aid or trade to Africa. These external factors are out of the control of the hotel market in Afr...
