tshepo b makhudu
In Focus: HVS’s Lagos Hotel Market Update
Tshepo B Makhudu | April 13, 2017
By Tshepo B Makhudu Nigeria's new administration has been in power for more than a year now. President Muhammadu Buhari took power on an anti-corruption platform, the total defeat of Boko Haram and a return to significant economic growth. With the country in a state of limbo due to the President's protracted absence from office because of illness, what has been the government's performance record thus far? And how has this impacted the hotel industry? Economy Nigeria's GDP growth over the last five years has been a rollercoaster ride. In 2012, the IMF recorded 4.3% rising to 5.4% in 2013 and in 2014 growth came in at 6.3%. From there t...
International Sporting Events – Takeaways for Hotel Investors
Tshepo B Makhudu | January 24, 2017
By Tshepo B Makhudu There is no doubt hosting a major sporting event boosts the profile of the country and city. Who does not want to visit Rio after the recent FIFA World Cup and Olympics? However, these events are only for a few weeks and even allowing for a year of visits from sponsors and managers in the lead up to the event and the boost to demand once the curtain comes down and the television cameras depart, does hosting an international sporting event justify building new hotels? In this article, we review the possible impact of hosting the Commonwealth Games on the city of Durban and provide some advice for would be hotel invest...
