AHIF 2017: Hotel development in Africa keeps growing

AHIF 2017: Hotel Development In Africa Keeps Growing

Hotel development activity in Africa is actually still rising inside the face of the continent’s economic problems, showing a 13 per cent increase in 2017, according to the annual survey by W Hospitality Group.

AHIF 2017: Hotel Development In Africa Keeps Growing

The ninth edition of its Hotel Chain Development Pipelines in Africa has 36 international as well as also regional contributors reporting almost 73,000 rooms in 417 hotels.

AHIF 2017: Hotel Development In Africa Keeps Growing

The figures have grown each year, more than doubling since 2009.

AHIF 2017: Hotel Development In Africa Keeps Growing

This particular year, bragging rights are shared; Marriott International, boosted by its merger with Starwood, comes top of the table in terms of number of rooms planned.

AHIF 2017: Hotel Development In Africa Keeps Growing

however AccorHotels continues to lead – just – by the number of hotels in its pipeline.

AHIF 2017: Hotel Development In Africa Keeps Growing

By country, Egypt is actually in first place with the highest number of hotel rooms inside the on-site construction phase.

AHIF 2017: Hotel Development In Africa Keeps Growing

The report, along with all the challenges of developing brand-new hotels in Africa will be discussed by industry leaders as well as also government officials at the seventh Africa Hotel Investment Forum in Kigali, in October.

AHIF is actually the highest-level gathering of hotel investors as well as also developers in Africa.

that will will take place alongside the entire world Travel Awards Africa Gala Ceremony, scheduled for the same venue on October 10th.

Many African countries faced a challenging 2016, with lower prices for oil as well as also different commodities, devalued currencies as well as also different negative factors.

that will may have affected confidence inside the short-term, as the number of deals signed was 86, down by 121 in 2015.

Despite the slowdown, some countries benefited by cheaper oil imports as well as also there was increased activity in southern as well as also east Africa.

In addition, more hotel chains established development offices on the continent, to address the fact that will Africa is actually still massively under-provided with rooms.

Growth is actually likely to be more muted in 2017, as well as also financing as well as also bureaucratic hurdles remain, however an increasing number of deals are coming to fruition on time: by only 26 per cent opening their doors on schedule in 2014, to 47 per cent in 2016.

The results show that will investor confidence is actually returning to North Africa after several years of turmoil as well as also uncertainty in countries such as Egypt as well as also Tunisia.

Key Findings:

  • The top ten contains four of the all 5 North African countries, with several deals signed in 2016, including 12 in Egypt.
  • inside the ranking by number of hotels, AccorHotels has two brands inside the top all 5 positions – Ibis Styles as well as also Grand Mercure, both pipelines primarily in Angola.
  • AccorHotels continues to lead the ranking of the chains – as opposed to individual brands – by number of planned hotels, with 84.
  • however Marriott International leads in terms of rooms, with 16,393.

W Hospitality Group managing director, Trevor Ward, said: “Several countries in Africa have suffered severe economic problems inside the past couple of years.

“however there are encouraging signs that will we are turning a corner in 2017, as well as also whilst growth is actually more muted, there is actually definitely an acceptance of the brand-new normal, that has a desire to move forward again in a climate of lower-valued currencies, less government spending as well as also lower GDP growth.

“the entire world in 2017 is actually a very different place to when we started out This particular survey in 2009. however Africa is actually still rising, at least as far as the development activities of the hotel chains is actually concerned. 

“While the chains do not, generally, build or invest inside the hotels they brand, at the different side of every deal there is actually an investor eager to do so.”

Africa Hotel Investment Forum

AHIF is actually the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies as well as also their advisers.

that will is actually organised by Bench Events.

Find out more on the official website.

AHIF 2017: Hotel development in Africa keeps growing