Report: Hotel Chain Development Pipeline In Africa 2022
The annual W Hospitality Pipeline Report covers the 54 countries in Africa, comprising North Africa (Morocco, Algeria, Tunisia, Libya and Egypt), sub-Saharan Africa and the Indian Ocean islands (Seychelles, Mauritius, Comoros and Madagascar), and provides consistent, reliable and comparable data on the development pipeline activity of the hotel chains who are operating in Africa, and those who are seeking to enter the continent for the first time.
This year reporting shows a pipeline of hotel development activity totaling around 80,300 rooms in 447 hotels, in 42 of Africa’s 54 countries.
Looking at the number of rooms physically under construction, Morocco and Egypt are ahead of the pack, with 5,577 and 6,142 rooms respectively. They are followed by: Ethiopia, 3,871; Cape Verde, 3,016; Nigeria, 2,544; Kenya, 2,450; Algeria, 2,337; Tunisia, 2,280; South Africa, 1,948 and Senegal, 1,919. In Tunisia, Kenya and Morocco, over ¾ of the pipeline is “onsite”, whereas in Egypt, 71% is just at the planning stage, reflecting its relatively “young” pipeline (a lot signed in the last 3 years).
To Read The Full Report – CLICK HERE
About The Bench
Over the past 25 years, Bench has established a legacy of delivering business forums and conferences in Europe, Africa, the Middle East, and Latin America. It has built a reputation for delivering immersive virtual events, energising masterclasses and innovative B2B digital strategies for its clients. Its live event portfolio includes AHF, the Adria Hotel Forum; AviaDev, the African Aviation Development Conference; IDEEA, the IDEEA Hotel Investment Forum; SAHIC, the South American Hotel Investment Conference; SPACE, the Efficient Buildings Investment Conference; SHIC, the Saudi Arabian Hospitality Investment Conference; AHIF, the Africa Hospitality Investment Forum; FIHA, the Forum De L’Investissement Hotelier Africain; GRIF, the Global Restaurant Investment Forum and RENEW Real Estate for a New World. Since the start of the COVID-19 pandemic in early 2020, Bench Digital has successfully delivered seven completely virtual conferences featuring a combined count of 626 international speakers and 30,023 business professionals in attendance from 140 countries.
SMIT (Moroccan Agency for Tourism Development) is the government company in charge of tourism development in Morocco. Since its inception in 2007, SMIT has been actively carrying out the assignments of the Moroccan tourism strategy through the conception of tourism projects. The identification and mobilization of land for development, market research and feasibility studies, promotion of investment opportunities and enhancement of both private initiatives and public-private partnerships are all core activities.
Media Sponsor, AHIF