The Lagos based W Hospitality Group ranked Ethiopia as the leading country in hotel expansion in East Africa. Details of the survey will be discussed at the Africa Hotel Investment Forum (AHIF) which will be held n Nairobi in October.
The hotel development pipeline in Ethiopia is almost 50% up on last year’s strong figures, with Addis Ababa accounting for 86% of the total, almost 5,000 rooms in 25 hotels. Africa Business Communities reported that there were plans to expand the hotel industry to different cities such as Hawassa, Bahir-Dar, Bishoftu, and Gondar.
W Hospitality Group’s Managing Director, Trevor Ward said, “Ethiopia’s hotel expansion is 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 centers.”
W Hospitality Group was established in 2003. Their clientele ranges from major international hotel companies, to multilateral funding agencies as well as financial institutions and government, national and international corporations and individual entrepreneurs.
Source: W Hospitality Group’s official website