50% of all African countries saw hotel value rises

Afhotls
Afhotls
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A country by country guide, discussing the main hospitality trends and investment opportunities is about to be released for Africa.

Summarizing some of the information that will be released for African Hotels

  • 75% of all countries have seen increases in the value of hotels over the last two years
  • The average growth in hotel values across the continent over the last two years was 6.4%
  • 50% of all countries saw hotel values increase at a greater rate than all other property classes
  • Africa still has a shortage of branded bedrooms with only 134 bedrooms per million people, compared with 4,325 per million across the Americas or 2,533 across Europe
  • 10 countries saw hotel values grow by 8% per annum or more over the last 8 years

About the author

Avatar of Juergen T Steinmetz

Juergen T Steinmetz

Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1977).
He founded eTurboNews in 1999 as the first online newsletter for the global travel tourism industry.

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