Tag: Ethiopia

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

Enchanting tourist attractions, unique diplomatic stature and a thriving airliner have placed Ethiopia, Land of Origins, on top of the world when it comes to tourism growth. According to the World Travel & Tourism Council’s (WTTC) annual review, the country saw the highest tourism growth in the world (48.6), surpassing the global average growth rate of 3.9 per cent and the African average of 5.6 per cent. During the period, the sector supported 2.2 million jobs and contributed US$7.4 billion to Ethiopia’s economy, an increase of US$2.2bn on 2017. The timeless charm of Ethiopia’s natural, cultural and historical tourist attractions ... Read more

Ethiopia’s travel and tourism economy grew by 48.6 per cent in 2018, according to the World Travel & Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector. In 2018, travel and tourism contributed BIRR 202 billion USD 7.4 billion to the country’s economy, an increase of BIRR 59 billion(USD 2.2bn) on 2017. The sector now represents 9.4 per cent of Ethiopia’s total economy. The WTTC research which compares the Travel & Tourism sector across 185 countries shows that in 2018 the Ethiopian travel and tourism sector significantly outpaced the global growth rate of 3.9 ... Read more

Hyatt Hotels Corporation has announced the opening of Hyatt Regency Addis Ababa, the first Hyatt branded hotel in Ethiopia and the seventh in Africa. The 188-room property is centrally located on Meskel Square, near shopping centers, restaurants, bars, and tourist attractions, including the National Museum. “We are excited to celebrate the opening of Hyatt Regency Addis Ababa and to introduce the brand to Ethiopia. We are confident that our loyal World of Hyatt members and global travelers will feel welcomed the moment they arrive and we look forward to serving them delicious blends of local flavors, while also offering an ... Read more

Ethiopia is striving to boost the capacity of its hospitality industry and welcome more foreign tourist, said an official from the tourism ministry. “My ministry has been working with public and private stakeholders to boost the country’s hospitality industry capacity and diversify the nationality of foreign tourists visiting the African country,” said Gezahegn Abate, Public and International Relations Director of the Ethiopia Ministry of Culture and Tourism (MoCIT). Around 934,000 tourists visited the country during the fiscal year 2018, that ended on July 7, with total earnings of USD 3.5 billion. As per the minister, their efforts to attract more ... Read more

Ethiopian Prime Minister Abiy Ahmed has announced the country will “very soon” follow Rwanda’s example allowing all Africans to travel to the country without visa. The policy will open up the east African country to African visitors, and it will boost tourism. The plan was announced during a state banquet hosted by Prime Minister Abiy for Rwandan President Paul Kagame who is in Ethiopia on a three-day official visit. The Prime Minister did not give any specific details of the plan to allow visa free travel to all Africans. As part of the visit, President Kagame also visited Hawassa Industrial Park which ... Read more