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
The group has signed management contracts with The Resort Group plc to develop two new hotels in the Cape Verde archipelago, which will become home to the Steigenberger Hotels and Resorts and Jaz brands.
Wischhoff joins Dream Hotel Group from Accorhotels, where he served as VP of Development, UK & Ireland for four years, and Wyndham Hotel Group, where he spent five years as a Senior Development Manager for the UK, Spain and Portugal markets.
Carlson Rezidor enters Angola with five Park Inn by Radisson hotels in Luanda, Cabinda, Benguela, Lubango and Namibe
All five Park Inn by Radisson hotels are under construction and will open within 18 months, and jointly offer more than 650 rooms for domestic and international travelers to Angola.
The diverse set of fundamentals in each market is becoming integral to the way in which investors and lenders approach the sector, with a region-wide approach becoming increasingly challenging.
Africa’s first modular build hotel, the 280 guest-room Hilton Garden Inn in the Ghanaian capital of Accra, is a concept that Hilton first premiered in 2014 through a partnership with CIMC Modular Building Systems.