Global hospitality industry entities see strong market in Africa despite slow economic growth - News Summed Up

Global hospitality industry entities see strong market in Africa despite slow economic growth


CAPE TOWN - Despite a challenging economic climate and a looming general election, major global entities in the hospitality industry still see South Africa as a big market with strong investment opportunities. “I think at the moment and for the foreseeable future, South Africa itself is our biggest market in Africa. In South Africa, the company has close to 60 hotels open, including 13 in Cape Town, with five more under development in South Africa, two of them being in Cape Town. "I think there are two trends that I would like to call out that are certainly in South Africa. “This hotel opening here (Cape Town) will be operating for the next 25 to 45 years.


Source: The North Africa Journal April 18, 2019 11:37 UTC



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