Ethiopia hotel expansion in top gear

10/22/2018 11:09:25 AM

Ethiopia is the strongest growing hotel market in East Africa. According to the annual hotel pipeline survey by Lagos-based W Hospitality Group, the hotel development pipeline in Ethiopia is almost 50% up on last year’s pipeline that was strong already.  

Africa Business reports that of all hotel development that is currently going on in Ethiopia, Addis Ababa accounts for 86% of the total. In the capital, almost 5,000 rooms are being built in 25 hotels. The building activities have partly been sparked by government incentives, alongside international conferences and global bases for NGOs, embassies and aid agencies. 

W Hospitality Group calls Ethiopia’s hotel expansion truly impressive. The activity there has been huge, and it is very pleasing to see that investors and operators are now looking to exploit the opportunities outside of Addis Ababa, in the secondary cities and tourism centres.” 

Further reading on Africabusiness.com

< Previous Next >

Related articles

With consumerism in Africa growing at a fast pace, large food retailers like Shoprite are trying to tap into the new business opportunities.