With 53 hotels currently under construction, Egypt comes ahead of Morocco (50) and Nigeria (34) and is building more than twice as many hotels as the country that comes fourth in the top 10, Kenya, which is building 24.
Data TOPHOTELPROJECTS shows that Africa continues to attract investors in the hospitality sector.Global hospitality industry stakeholders are enticed by rising demand for hotel rooms on the continent, as well as a developing market that offers a mixture of opportunities, as well as challenges.
TOPHOTELPROJECTS reveals that currently 336 new hotel construction projects underway spread throughout many African countries. Once completed, these 336 new hotel construction projects will bring an additional 88,524 rooms for guests to Africa.
Indeed, it now appears that having an interest in African has become a must for any brand wishing to establish itself as a truly global entity.
It says the new hotel construction pipeline for Africa “has begun to look healthier than it has in many years”, 336 new hotel construction projects underway among African countries.
Among the hospitality schemes planned in Egypt is the Vida Marassi Marina , developed by Emaar Hospitality Group’s Vida Hotels and Resorts brand.
Morocco follows closely behind Egypt, with 50 total hotel projects currently under construction. Being only three behind, Morocco could easily surpass Egypt at the continent’s top country for new hotel construction.
The fact that Hilton choose to locate its new development office in Casablanca, Morocco’s largest city, may speak to the viability of the country going forward within the global hospitality industry.