THE AFRICAN HOTEL REPORT

The African Hotel Report 2017 Nigerian Hotels are the most valuable on the African mainland

Zaranda_hotel_bauchi_nigeria_-_panoramio.jpg

Nigerian hotels are the most valuable hotels on the African mainland, according to the African Hotel Report 2017 that will be released at the Africa Hotel Investment Forum in Kigali tomorrow.

Despite the economic problems experienced by the market in recent years that have seen values fall by 16.4% in the last two years, average values are the third highest in all of Africa, behind only the Seychelles and Mauritius, according to David Harper of Hotels Partners Africa, the report’s author.

Nigeria is the most significant hotel market in west Africa, with almost 6,100 branded bedrooms across 41 hotels, with 21 brands (and 14 hotel companies) represented in 9 cities. With a population of almost 192m, growing at an estimated 2.6% per annum and with the largest economy on the continent, it is unsurprising that more hotel projects (61) and more branded bedrooms (10,313) are proposed here than in any other country on the continent.

"This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market. However, good advice is vital to help ensure you make the most of this very promising investment opportunity and avoid some of the potential pitfalls that can ensnare the less experienced hotel investor”.

For more details, please contact David.Harper@HotelsPartnersAfrica.com

comments powered by Disqus

RW1
R1
R1
R1

This edition

Issue 398
Current


Archive


Leadership_Mag Marketing and PR extraordinaire and social entrepreneur, Emmanuel Bonoko, is a leader on a mission to conquer the w… https://t.co/pfCvMpV1Fm 6 days - reply - retweet - favorite

StillChristelle This month we are in the with our friends from talking about supercars. #welovecars #car… 14 days - reply - retweet - favorite

PriorConsults “South African investors should be looking at international options because of the fluctuating #rand as well as the chal… 14 days - reply - retweet - favorite