Marriott opened its first property in sub-Saharan Africa, the 254-room Kigali Marriott in Rwanda, in early October.
Africa is seen to take up the tech challenge by investing billions of dollars in the development of tech futuristic cities.
South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.
Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.
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.
Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.
In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).
The number of planned hotel rooms for 2016 in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.
JLL’s latest thought leadership research paper ‘Spotlight on Africa: Opportunity on the Horizon’ explores the investment potential of hotels in Africa, which has improved significantly over the past decade, though it is not without its challenges.
Is there room at the inn? There might not be in some parts of Africa, but that is set to change.
Africa’s vast skies are being mastered by the “Big 6”: Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc.
When considering real estate investment opportunities, people normally think of western cities like London and New York.
Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa’s fastest-growing economies.
Obinna Ekezie is the Founder of Wakanow.com, one of the fastest growing and largest internet travel sites in Africa.
A price survey of international-grade hotels in select major African cities, produced by hospitality research firm STR Global, ahead of theAfrica Hotel Investment Forum (AHIF), taking place at the end of September, has revealed that Addis Ababa is the most expensive place for a good night’s sleep.
Airbnb, the world’s leading service to rent out rooms or properties over the Internet, has announced plans to rapidly accelerate its growth in Africa, particularly in key markets such as Kenya and South Africa.
Airbnb is hoping to spread its unique brand of hospitality throughout Africa. The San Francisco company, which allows people to rent rooms in their private homes to travelers over the Internet, held an event July 27 in Johannesburg, where Airbnb Chief Executive Officer Brian Chesky walked local reporters through the company’s ambitions in the world’s second-most populous continent.
South Africa’s tourism business index is at its lowest level since 2011, as visitor numbers decline due to the country’s new visa regulations.
AccorHotels has sealed a deal with Angolan insurance and investment company AAA Activos to open 50 hotels in the country by 2017, the French company said, as part of its expansion in Africa.
France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.
In economic terms Nigeria is best known as Africa’s largest economy and its number one oil producer, but unlike many other African countries, travel and tourism comes far down the list of GDP contributors.
Check out an infographic of the top 10 most tourism-ready countries in Sub-Saharan Africa.
Cristina Duarte, the finance minister from Cape Verde who is the first woman to stand for the presidency of the African Development Bank, said the lender should encourage wealth generated in Africa to stay on the continent.
Ilyas Dawaleh has an ambition: he wants to make his country the Dubai of Africa, and he is getting plenty of help from the UAE to help him achieve that.
Glancing around a crowded terminal in Kenya’s Jomo Kenyatta airport, one of the busiest international hubs in Africa, it’s obvious that more passengers are streaming to the continent than ever before.
Kenya is moving from a frontier market to an emerging market, and is beginning to attract investment from all over the world. The future of Kenya’s business environment is looking increasingly bright as the national economy continues to grow at an enviable pace.
What is Africa’s most competitive economy? Is it oil-rich Nigeria? No. Perhaps South Africa, the continent’s mining powerhouse? Try again.
Nigeria and Kenya frequently feature as the top investment destinations in Africa, with Nigeria being the clear front runner. Investors, however, are starting to view East Africa as a combined investment region that could rival the West African giant, using Kenya as a sturdy stepping stone to the wider East African region.
The Wheatbaker hotel offers the corporate traveller all the comfort and convenience of a luxury boutique hotel. Lagos’ new premier exclusive hotel, is located in the residential heart of Ikoyi, Nigeria.
Don’t underestimate how important Africa has become to the global economy. Across the continent, including Sub-Saharan Africa, business and infrastructure projects are booming, prompting comparisons with China 20 to 30 years ago.
For decades commodity prices have shaped Africa’s economic growth. The continent is home to a third of the planet’s mineral reserves, a tenth of the oil and it produces two-thirds of the diamonds.
Transcorp Hotels has raised NGN 4.2B (USD 23M) from its recent initial public offering (IPO), indicating a 52 percent subscription level.
Nigerian hotel booking platform Jovago sees double-digit revenue growth each month, as it taps into the growing tourism market in Africa, Jovago Nigeria managing director (MD) Marek Zmyslowski has revealed.
As the new year approaches, many travelers are looking for inspiration on where to head in 2015. This list might help.
South Africa’s economic hub Johannesburg will retain its title as Africa’s most visited city for the second year in a row, a study has shown.
A rudimentary map demonstrating that Africa is not synonymous with the Ebola virus has hit a nerve online.