Hotel developers will invest billions of dollars in African projects over the next few years

A visitor takes photographs from the Ou Kaapse Weg as seasonal fog covers the city of Cape Town. Almost 7,000 visas were issued by the South African embassy in the UAE for the first seven months of this year. Credit: thenational.ae/Mike Hutchings/Reuters

Hotel developers will invest billions of dollars in African projects over the next few years as they seek to take advantage of a fast-expanding middle class and growing business travel.

Overall room revenue in the five markets of South Africa, Nigeria, Mauritius, Kenya and Tanzania rose 6.7 per cent in 2015, the largest gain since 2011, according to PwC’s Hotels Outlook: 2016-20 report.

Tanzania had the largest increase with a 14.4 per cent gain, the result of a large increase in the average room rate that offset a drop in stay unit nights. Tanzania’s market is heavily dependent on foreign tourism.

For UAE residents, South Africa is a prime location.

The South African consul general in Dubai, Manabile Shogole, says his country is becoming a favourite among Emiratis.

Read more: South African hotels in the spotlight for developers and UAE tourists | The National

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