Nigeria continues to lead hotel expansion in Africa



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CAPE TOWN – Nigeria maintains its leading position in hotel development in West Africa, despite a slight decline from last year

. W Hospitality Group which provides a full range of services to investors in the hospitality, tourism and leisure sectors.

The survey shows that Nigeria, one of the economic giants of Africa, has the largest hotel pipeline in West Africa. the continent, with concentration being in Lagos and Abuja, the commercial and political capitals, respectively.

There is, however, an increasing number of agreements signed in other cities, such as Enugu, Port Harcourt, Onitsha and Benin City. The pace of negotiations in Nigeria has slowed significantly, with only six agreements signed in 2017, compared with 10 in 2015 and 2016, reflecting the country's economic situation.

The development of hotel pipelines in terms of the total number of rooms planned for Nigeria is down 5.1% compared to last year, but it still has 4,146 rooms currently under construction, on a total of 9,603 in 57 hotels

. The Ivory Coast has made 'giant leaps' in the top five countries of West Africa with 10 new hotels, an increase of 205.7% over the previous year. last year, and 549 of the 1,830 rooms are on site.

All planned hotels are located in Abidjan, supported by multiple offers signed by AccorHotels and Marriott. This reflects confidence in the country as the return to democracy, after several years of civil war, brought economic and political stability, with the International Monetary Fund (IMF) forecasting gross domestic product (GDP) growth of 7.4 percent. % this year.

Cape Verde maintains its growth with 2,710 rooms currently on the site, up 15.3% over last year. Sao Vicente represents 28% of the country's pipeline. Other developments are in Boa Vista, Mindelo, Praia, Sal and Santiago.

Senegal, with 17 hotels in the pipeline is another strong performer, up 16.2% over last year in terms of rooms. In total, 80% are in Dakar, the rest in Cap Skirring and Mbour.

Marriott remains at the head of the region's chains, with 26 hotels scheduled for 5,354 rooms, up 25% from last year. Louvre Hotels Group is progressing, with seven hotels with 807 rooms, an increase of 83%.

In total, the chains post a 10% increase over 2017 with 22,680 pipeline chambers in West Africa

Trevor Ward said: "The majority of projects in Nigeria and Cote d & Ivory are downtown hotels, while in Cape Verde, the majority are beach resorts, where Melia has no less than five transactions in its pipeline, and averages nearly 400 rooms per hotel Cape Verde benefits from its location quite close to the main generating markets in Europe and the volume of accommodation that makes charter flights viable. "

The African Forum for Hotel Investment (AHIF), Supported by Kenya's Ministry of Tourism and Wildlife, takes place in Nairobi in October, AHIF is badisted by leading international hotel investors, business leaders and politicians. investment in projects infrastructure and hotel development in Africa.

Matthew Weihs, managing director of Bench Events, organizer of the AHIF, said, "This is the latest in a series of regional reports.W Hospitality Group.This report, as well Other badyzes of many industry experts will be part of the core content that will make AHIF such an important event with unparalleled networking opportunities. "

In October, Kenya will showcase to the world with an unprecedented week of tourism promotion.In addition to hosting the AHIF, it will organize a number of events, including the Magical Kenya Tourism Expo (MKTE), the largest East African Tourism Fair, and will announce a set of measures to encourage investment.

– African News Agency (ANA)

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