The Risks Involved in the Hotel Sector in Africa

From high-end business hotels in Luanda to sprawling leisure resorts near Victoria Falls, the diversity of properties in the sub-Saharan African hotel industry is growing. A confluence of several factors, including solid economic growth, improved travel links and record tourist arrivals, are driving new investments by global brands. With a record 67m tourists arriving in Africa in 2018, up from 58m in 2016, the continent now ranks as the second fastest growing region for tourists globally. As the number of flights and routes into Africa continues to develop, both leisure and business visitors can be expected to grow and new hotel capacity will be required to accommodate these arrivals.

SOURCE: AFRICAN BUSINESS MAGAZINE

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