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.