Hospitality outlook: 2019-2023
Overall room sales in South Africa, Nigeria, Mauritius, Kenya and Tanzania rose 7.4% in 2018, up from the 1.9% boom in 2017, mainly https://www.africanpolicy.com/ reflecting a 28 percentage factor turnaround in Kenya, a fifteen.4 percentage factor turnaround in Tanzania, as well as a 7.2 percentage factor improvement in Nigeria. Mauritius persisted to grow at double-digit quotes in 2018 however room revenue growth in South Africa fell to only zero.Five%.
Nigeria, Kenya and Mauritius had the quickest-developing markets with will increase of 20.0%, 14.6%, and 11.7%, respectively, in 2018. Growth in Mauritius changed into because of a massive increase in ADR that offset a drop in visitor nights.
During the following 5 years we anticipate Nigeria to be the fastest-growing marketplace with a projected 12.0% compound annual boom. A quantity of new hotels are scheduled to open inside the next 5 years, for you to accommodate similarly boom in visitor nights, with out placing upward strain on ADR.