AHIF 2017: Nigerian hotels identified as most valuable on African mainland

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

AHIF 2017: Nigerian hotels identified as most valuable on African mainland

Nigerian hotels are the most valuable hotels on the African mainland, according to the African Hotel Report 2017.

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

Despite the economic problems experienced by the market in recent years which have seen values fall by 16.4 per cent within the last two years, average values are the third highest in all of Africa, behind only the Seychelles along with Mauritius, according to David Harper of Hotels Partners Africa, the report’s author.

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

Nigeria is actually the most significant hotel market in West Africa, with almost 6,100 branded bedrooms across 41 hotels, with 21 brands (along with 14 hotel companies) represented in nine cities.

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

that has a population of almost 192 million, growing at an estimated 2.6 per cent per annum along with with the largest economy on the continent, This particular is actually unsurprising which more hotel projects (61) along with more branded bedrooms (10,313) are proposed here than in any some other country on the continent.

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

“This particular report shows which the hotel industry in Africa is actually still a very not bad investment, despite the cyclical nature of the property market.

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

“However, not bad advice is actually vital to help ensure you make the most of This particular very promising investment opportunity along with avoid some of the potential pitfalls which can ensnare the less experienced hotel investor.”

AHIF 2017: Nigerian Hotels Identified As Most Valuable On African Mainland

The findings will be discussed today during the Africa Hotel Investment Forum, taking place in Kigali, Rwanda.

AHIF 2017: Nigerian hotels identified as most valuable on African mainland

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