City Scape / Economy & Trends
Nigeria’s Hospitality Market Hits a Boom
- By: Maktoub Magazine
- June 29, 2016
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…
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