5 African Countries With The Highest Investments In The Hotel Business

This article presents an overview of the 5 African Countries With The Highest Investments In The Hotel Business. For a detailed overview, click 15 African Countries With The Highest Investments In The Hotel Business.

5. Kenya

Total Pipeline Hotel Rooms: 3,729

Kenya’s accommodation and restaurant services sector registered a robust growth of 21.5 percent in the first quarter of 2023. While this marked a significant decline from the 40.1 percent growth recorded in the same period in 2022, it is a positive indication of the sector’s resilience and continued contribution to the country’s economic recovery.

4. Ethiopia

Total Pipeline Hotel Rooms: 6,129

Despite the challenges posed by political instability, Ethiopia’s hospitality and tourism sector has demonstrated remarkable resilience. The country’s continuous involvement in hosting international diplomatic conferences and its national airline’s extensive global network have boosted the demand for hospitality services.

3. Morocco

Total Pipeline Hotel Rooms: 6,369

The hospitality industry in Morocco generated USD 1 billion in gross sales in 2022 and is projected to register a CAGR of over 6% over the next five years. The COVID-19 pandemic significantly impacted the hospitality industry in Morocco, leading to border closures and a decline in tourism.

2. Nigeria

Total Pipeline Hotel Rooms: 6,772

Nigeria had the fastest-growing hotel market in the world in 2018, with a remarkable increase of 20.0%. This impressive growth is projected to continue over the next five years, with a compound annual increase of 12.0%. Several factors drive this growth, including opening new hotels, the increasing demand for accommodation from domestic and international travelers, and the vital infrastructure for urban visitors. As a result, Nigeria remains an attractive market for major hotel brands.

1. Egypt

Total Pipeline Hotel Rooms: 24,944

The diversification of tourism in Egypt, encompassing health and wellness, medical, cultural, and recreational offerings, is fueling the growth of the hospitality industry.

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