Nigeria holds its pole position for hotel development in West Africa despite a slight reduction on last year, according to a regional influential annual hotel pipeline survey.
Details of the survey cover the whole of Africa, will be one of the key discussions at an upcoming conference in Kenya.
Nigeria, the giant of Africa, has the largest pipeline in West Africa (and the 2nd largest on the continent), with the concentration being in Lagos and Abuja, the commercial and political capitals, respectively. There is, however, an increasing number of deals being signed in other cities, such as Enugu, Port Harcourt, Onitsha and Benin City. The pace of deal making in Nigeria has noticeably slowed down, with only 6 deals signed in 2017 compared to 10 in both 2015 and 2016, a reflection of the economic situation in the country. Hotel pipeline development in terms of total planned rooms for Nigeria is down 5.1% on last year, but it still has 4,146 rooms actually under construction, out of a total of 9,603 in 57 hotels.
Impressive strides have been made by Cote d’Ivoire, moving into the top five West African countries with 10 new hotels in the pipeline, a 205.7% increase on last year – 549 of the total 1,830 rooms are on site. All the planned hotels are in Abidjan, driven by multiple deals signed by AccorHotels and by Marriott. This reflects the confidence in the country as the return to democracy, after several years of civil war, have brought economic and political stability, with the IMF forecasting GDP growth of 7.4% this year, one of the highest on the continent.
Cape Verde is sustaining growth with 2,710 rooms now on site, up 15.3% on last year. Sao Vincente accounts for 28% of the country’s pipeline. Other developments are in Boa Vista, Mindelo, Praia, Sal and Santiago.
Senegal, with 17 hotels in the pipeline is another strong performer, up 16.2% per cent on last year in terms of rooms – 80% are in Dakar. The remainder are in Cap Skirring and Mbour.
Marriott still heads the chains in the region – 26 planned hotels with 5,354 rooms, up 25% on last year. Louvre are also moving up – seven hotels with 807 rooms, an 83% increase.
In total, the chains show a 10% increase on 2017 with 22,680 pipeline rooms in West Africa.
ಈ ವರ್ಷದ ಪೈಪ್ಲೈನ್ ವರದಿ, ಈಗ ಅದರ 10 ರಲ್ಲಿದೆth ಆವೃತ್ತಿ, 41 ಕೊಡುಗೆದಾರರನ್ನು ಹೊಂದಿದೆ, ಆಫ್ರಿಕಾದಾದ್ಯಂತ 418 ಬ್ರ್ಯಾಂಡ್‌ಗಳೊಂದಿಗೆ 100 ಡೀಲ್‌ಗಳನ್ನು ವರದಿ ಮಾಡಿದೆ. 2018 ರಲ್ಲಿ ಇಡೀ ಆಫ್ರಿಕಾಕ್ಕೆ ವರ್ಷದಿಂದ ವರ್ಷಕ್ಕೆ ಕಾರ್ಯಕ್ಷಮತೆಯು ಬೆಳವಣಿಗೆಯನ್ನು ತೋರಿಸುತ್ತದೆ, ಆದರೆ ಇತ್ತೀಚಿನ ವರ್ಷಗಳಲ್ಲಿ ಹೆಚ್ಚು ಮ್ಯೂಟ್ ಮಾಡಲಾಗಿದೆ - 25 ರಲ್ಲಿ ಪೈಪ್ಲೈನ್ ಕೊಠಡಿಗಳ ಸಂಖ್ಯೆಯಲ್ಲಿ 2015% ಬೆಳವಣಿಗೆ; 19 ರಲ್ಲಿ 2016%, ಮತ್ತು 13 ರಲ್ಲಿ 2017%, 13.5 ರಲ್ಲಿ 2018 ಪ್ರತಿಶತದಷ್ಟು ಬೆಳವಣಿಗೆಯಾಗಿದೆ.
Source: Tarsh Consulting
ಈ ಲೇಖನದಿಂದ ಏನು ತೆಗೆದುಕೊಳ್ಳಬೇಕು:
- The pace of deal making in Nigeria has noticeably slowed down, with only 6 deals signed in 2017 compared to 10 in both 2015 and 2016, a reflection of the economic situation in the country.
- Nigeria, the giant of Africa, has the largest pipeline in West Africa (and the 2nd largest on the continent), with the concentration being in Lagos and Abuja, the commercial and political capitals, respectively.
- Year-on-year performance for Africa as a whole in 2018 shows growth, but more muted than in recent years – 25% growth in the number of pipeline rooms in 2015.
