Thursday, September 20, 2007

Hotel Chains are booming in Africa

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Africa's tourism and oil are attracting world-renown hotel chains to Africa. Starwoood hotels just completed a Sheraton in Addis Ababa, and is looking at other locations on the continent. Hilton hotels is building a 200 room hotel in Accra, Ghana. Marriott International is looking at building several properties over a 10 year period in Africa and other international hotel chains are starting to build hotels in Africa.

In North and East Africa, tourism is predominantly the reason for hotel development. Morocco and Tunisia are experiencing major development whilst Mombasa in Kenya is rising as and exotic location. Because of the lack of hotel rooms and the demand of occupancy; is forcing many international investors and hotels to look at growth potential of the African hospitality industry.

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