Radisson Hotel Group is entering its 32nd African market and second Indian Ocean territory, Madagascar, with the signing of a portfolio deal of three hotels and a total of 254 rooms.
Company on-track to grow its portfolio by 45 percent through the end of 2023 with over 100 properties under development. @Marriott
Travel & Tourism in Africa is booming, growing 5.6% in 2018 compared to the global average of 3.9% and the broader African economy rate of 3.2%. @WTTC
South African hotel room revenue is expected to expand to R21.8 billion in 2022, up 5.6%, compounded annually, from R16.6 billion in 2017. @PwC
In the next five years, the company plans to increase its portfolio in the region by 50 percent, debut additional brands and add 30,000 new jobs. @MarriottIntl