City Scape / Economy & Trends

Nigeria’s Hospitality Market Hits a Boom

City Scape / Economy & Trends Cityscape

Nigeria has the highest number of hotels in the development pipeline this year, followed by Angola, according to figures from the annual Hospitality Group Hotel Chain Development Pipeline Survey.

Together, the two countries account for almost 30% of the total pipeline.
The study show that Africa’s hospitality market has seen a very rapid rise in the number of new hotel development pipeline — especially in Nigeria, Angola, Egypt and Kenya.

The number of planned hotel rooms for 2016 in Africa has soared to 64,000 in 365 hotels,
This is 30% higher than development activity last year and more than double the development pipeline in 2009.
The increase is largely down to strong growth in sub-Saharan Africa, which is up 42.1% on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5% pipeline increase this year.

In the latest rankings by country saw Angola, never before listed among the top 10, push Egypt…

(For the full story and similar articles, please subscribe to the current edition of Maktoub. For details, call: 09-2909115 or Email: info@maktoubng.com.
Maktoub is Africa’s leading indigenous business and lifestyle magazine.
We bring into focus and spotlight the people, events and issues that are defining the present and shaping the future of the African continent, innovators, leading entrepreneurs, industry leaders, policy makers and shapers, pacesetters, social influencers and change agents in the dynamic web of business and lifestyle; including technology, entrepreneurship, politics, leadership, investments and culture.
Through our mirroring of the true spirit of African enterprise and resilience while applying our unique and tailored contents and reporting style, we empower our diverse audiences with key knowledge, insights and intelligence to help them make better choices, and – at a higher level – promote social and economic development.
Our niche is in telling compelling stories that resonate with our audiences – whether in the present or as hoped for in the future –, thereby immersing them in the spirit and passion of the stories, events, personalities, vis-à-vis the challenges, lessons, successes, and everything else in-between and thereafter.)

Post a new comment