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Ethiopia ranked fourth in hotel development in Africa

Ethiopia is ranked fourth in hotel development in Africa based on an annual survey conducted by the Lagos-based W Hospitality Group.The top three countries are Egypt, Nigeria and Morocco, the Africa Business Communities reported over the weekend.

A  total of 75,155 branded rooms in 401 hotels are in development across  the whole of Africa – a net increase of almost 11,000 rooms in the  pipeline, 17 percent  up on 2018.

The  survey had a record 43 international and regional hotel contributors  this year, covering 54 countries in north and sub-Saharan Africa, and  the Indian Ocean islands, it was learned.

Ethiopia  has seen another increase in pipeline deals, up from 31 hotels in 2018,  signed by international chains such as Accor and Hilton as well as by  regional chains such as aha and Latitude. Best Western and IHG each  signed two hotels in 2018.

The majority of these deals, 27 hotels with 84 percent of total rooms, are in Addis Ababa.

This year the top ten countries account for 69 percent of the total hotels in the survey, and 74 percent of the rooms.

The  digital B2B publisher Africa Business Communities revealed also that  full details will be revealed and discussed at the Africa Hotel  Investment Forum (AHIF) to be held from September 23- 25 2019 in Addis  Ababa.

Published on 28.04.2020

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