“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.

The continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region.

Positive growth forecast for East African hospitality sector.

Buoyed by impressive prospects in some parts of Africa, where demand outstrips supply of quality stock, JSE-listed Pivotal Property Fund is pushing ahead with its expansion into the hinterland.

City Lodge Hotels expects demand for its rooms to continue exceeding expectations in the year ahead after it increased occupancies in 2015.

Friday, 17 February 2006 02:00

Group Five to revisit over-border work

Group Five is to revisit its level of over-border work as a result of the SA Government's infrastructure budget, says Mike Lomas, the company's CEO

Monday, 03 November 2003 02:00

$8m HQ for Stanbic in Tanzania

THE new head office for Stanbic Bank Tanzania in Dar es Salaam will be completed in November next year at a cost of $8 million.

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