Rooms at the inn beckon, but builders are out in the cold

Posted On Sunday, 21 August 2011 02:00 Published by eProp Commercial Property News
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GLOBAL hotel chains are poised to spend hundreds of millions of dollars in Africa over the next few years to meet increased demand from both international tourists and the continent’s own fast-emerging middle class, said Martin Jansen van Vuuren, a director at consultancy Grant Thornton Strategic Solutions.

Martin Jansen van Vuuren

InterContinental Hotel Group, Accor, Starwood and Rezidor Hotel Group — the group that operates the Radisson Blu chain — are among those looking to capitalise on the continent’s urbanisation and build up its underdeveloped hotel industry.

 

 

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