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Africa's hotels set for continued growth

Category： Key Words：Africa's hotels Time：2018-07-13 09:03

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Africa’s hotel sector is on track for further growth over the next five years.
According to the latest report from PwC, an increase in both foreign and domestic traveler numbers along with an expansion in several hotel chains on the continent reinforce the hotel sector’s potential for growth. PwC predicts hotel room revenue for the five markets will increase 7.4 percent to R50.5 billion in 2022 from R35.2 billion in 2017.
“Tourism to the African continent has proven to be resilient in the face of economic and political uncertainty, impacts of droughts and other regulatory changes. The opportunities are aplenty for this industry to enjoy further growth albeit at a more modest pace. However, as we continue to see there are also a number of challenges facing each country. This is an industry that is reactive to the smallest change in political, regulatory, safety and sustainability matters,” Pietro Calicchio, hospitality industry leader for PwC Southern Africa, said in a statement.">