Tag: Africa Hotel Investment Forum

From the Africa Hotel Investment Forum in Addis, Marriott International reinforced its commitment to Africa by announcing it expects to add 40 properties and over 8,000 rooms across the continent by the end of 2023. The company also announced signed agreements to open its first property in Cape Verde and further expand its presence in Ethiopia, Kenya and Nigeria. Marriott’s development pipeline through 2023 is estimated to drive investment of over $2 billion from property owners and is expected to generate over 12,000 new jobs in Africa. Marriott International’s current portfolio in Africa encompasses close to 140 properties with more ... Read more

APO Group (APO-opa.com), the leading media relations consultancy and press release distribution service in Africa and the Middle East, today announced that Isaac Khisa from Uganda has won APO Group’s invitation to attend the 2019 Africa Hotel Investment Forum (AHIF) (AHIF.com), the premier hotel investment conference in Africa, which will take place in Addis Ababa, Ethiopia from 23rd-25th September. APO Group will offer one round trip ticket and accommodation in Addis Ababa (Ethiopia) for Isaac Khisa to attend the 2019 Africa Hotel Investment Forum (AHIF). The Africa Hotel investment Forum (AHIF) attracts many prominent international hotel owners, investors, financiers, management ... Read more

Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR. The market will play host to the Africa Hotel Investment Forum (AHIF) on 23-25 September at the Sheraton Addis. From July 2018 through June 2019, Addis Ababa registered an absolute ADR of US$163.79 when measured in constant currency, which removes the effects of inflation. That figure was a 1.1% increase year over year. The next closest STR-defined markets in Africa were Accra Area, Ghana (US$160.34) and Lagos Area, Nigeria (US$132.51). “Addis Ababa continues to maintain high ADR levels when compared internationally,” ... Read more

Bench Events (www.BenchEvents.com), organisers of the Africa Hotel Investment Forum (AHIF) (www.AHIF.com), and APO Group (www.APO-opa.com), the leading media relations consultancy and press release distribution service, today announced a wide-ranging collaboration aimed at boosting investment in the hospitality industry in Africa. The deal, which is set to run until 2022, covers the next three editions of AHIF and its Francophone equivalent, the Forum de l’Investissement Hôtelier Africain (FIHA). Hotels are crucial in boosting the economies of developing nations. Not only do they drive tourism, encouraging foreign investment and bringing in foreign currencies, they also host important business meetings. All over ... Read more