African hospitality industry to grow

A survey carried out by the W Hospitality Group reveals that Ethiopia, Uganda, Nigeria, Angola and Ghana are the top five countries in sub-Saharan Africa whose hotel sectors are expected to be the recipients of substantial investment.

 

Ethiopia, Uganda, Nigeria, Angola and Ghana are identified as key investment destinations for global hotel chains scouting for opportunities in the region, says a survey by W Hospitality Group. According to the survey, which is based on the number of signed contracts by international and regional hotel brands as well as smaller non-branded hoteliers, Nigeria leads the way in sub-Saharan Africa with the creation of 53,000 jobs, followed by Ghana with 11,000, Angola with 9,000, Ethiopia with 8,800 and Uganda with 8,500.
 
The managing director of W Hospitality Group, Trevor Ward, noted that in Sub Saharan Africa, growth in the hospitality industry is forecast to be much faster than in the developed economies, providing 23% compared to the developed economies which are struggling to exceed 2%. Africa, he added, is positively booming and in an industry which is as labour intensive as hotels this is very good news for job creation.


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