The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
Based on August 2017 data from STR, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent’s existing room supply.
Protea Hotels by Marriott, part of Marriott International, Inc. has opened Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria, a development, which further consolidates its presence in the country.
Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 per cent increase in 2017.
The Sheraton Lagos Hotel unveiled 107 newly renovated club rooms and suites, all refreshed and elegantly furnished with modern interiors and enhanced amenities.
Jumia Travel is seeking to further empower its hotel partners across all markets with technology by unveiling the Web Extranet, a web version of the previously launched Extranet App on Android.
ogaVenue the Lagos-based online events venue booking platform, today announces that it has secured a $45k seed investment from Spark and Hotels.ng.
Transcorp Hilton Abuja has announced the commencement of a major renovation that will upgrade the five-Star Transcorp Hilton Abuja guest experience in every aspect.
Hotel development in Africa jumps 30% to 64,000 rooms, Nigeria leading in numbers, followed by Angola
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
“The impact of current oil prices on hospitality in African economies will be dependent on various factors” said Wayne Troughton, CEO of HTI Consulting, who have recently issued a market snapshot on the aforementioned topic.