The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30 per cent on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
The Lagos-based W Hospitality Group specialises in the provision of advisory services to the hotel, tourism and leisure industries, and also provides a full range of services to hospitality industry clients who have investments in the sector.
The survey stated: “The increase is largely due to strong growth in sub-Saharan Africa, which is up 42.1 per cent on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5 per cent pipeline increase this year.”
It noted that a major shake-up in the rankings by country saw Angola, never before listed among the top 10, push Egypt out of second place, due to a major deal there signed by Accor Hotels.
It quoted Trevor Ward, W Hospitality Group managing director, as saying: “The evidence from our survey is clear – investors remain confident about the future of the hospitality industry on the continent.
Mr. Ward also said: “Africa is still on the up. For business, trade and capital investment, the continent remains an attractive proposition, leading to continuing demand for accommodation and other hospitality services.”
Meanwhile, Africa Hotel Investment Forum (AHIF), which attracts all the major international hotel investors in Africa, will be held for the first time in Lome, Togo, on 21-22 June. It also said a second AHIF will also take place in Kigali, Rwanda, on 4-6 October.