Jun, 2016

Carlson Rezidor continues to lead Africa’s hotel pipeline

By on Jun 24, 2016

Carlson Rezidor, one of the world’s largest and most dynamic hotel groups worldwide with over 1,400 hotels in 115 countries, is accelerating its growth strategy in Africa. The group has opened five Radisson Blu hotels in the first six months of 2016 and signed four new hotels including the first Quorvus Collection in Africa. The group is also entering its 28th country in Africa and taking the Park Inn by Radisson brand to the Indian Ocean islands.

In 2016, Carlson Rezidor Hotel Group opened five Radisson Blu properties serving the upper-upscale segment: Radisson Blu Hotel Nairobi Upper Hill in Kenya (271 rooms); Radisson Blu Hotel, Marrakech Carré Eden in Morocco (198 rooms); Radisson Blu Residence with 187 luxury hotel apartments in Maputo, Mozambique (the group’s first residence concept in Africa); Radisson Blu Hotel Abidjan Airport, Ivory Coast (261 rooms) and Radisson Blu Hotel 2 Février in Lomé (320 rooms), host of the first Africa Hotel Investment Forum in West Africa in Togo.

Speaking at the opening of the Africa Hotel Investment Forum, Wolfgang M. Neumann, President and CEO of The Rezidor Hotel Group said, “Africa is Rezidor’s biggest growth market. Our group’s total portfolio comprises 69 hotels in 28 countries, with over 15,000 rooms in operation or under development. Radisson Blu leads the way with more hotel rooms under development than any of the other 85+ hotel brands active in Africa today. Our ambition is to be the leading player in the travel and tourism sector across the continent.”

Carlson Rezidor also announces the signing of its first Quorvus Collection in Africa: the 5-star, 244-room luxury Emerald Grand Hotel & Spa in Lagos, Nigeria. The group also signed a new Radisson Blu Hotel Harare in Zimbabwe (245 rooms), a Radisson Blu Hotel in Durban Umhlanga (207 rooms) and a Park Inn by Radisson in Quatre Bornes, the new commercial hub of Mauritius.

Rezidor’s Executive Vice President & Chief Development Officer, Elie Younes added: “In the last 24 months, we have signed a new hotel deal in Africa every 37 days. And it’s not just about signing hotels; we are delivering our pipeline. We have opened a hotel in Africa every 60 days. In South Africa alone, we now have 14 hotels. In 2016 and beyond, we aim to maintain this great momentum by opening four more hotels in the second half of 2016.”

Hosted by the Government of Togo, Africa Hotel Investment Forum will focus on hotel development and finance in Africa. How to drive tourism and attract more than just the business traveler. The event connects hotel developers, hotel owners, hotel groups, banks, equity funds, property funds, hotel consultants, advisors and hotel professionals from the international and local markets, driving investment into hotel projects across Africa.

“The African continent is a powerhouse of exponential growth of the hotel industry”, said Elie Younes. “Rapid urbanization and economic growth, combined with favorable demographics, has resulted in a shortage of quality internationally branded hotels. This means there are huge opportunities for sustainable and quality growth for world-class international hotel operators like Carlson Rezidor Hotel Group.”

23 JUNE 2016

STR: Middle East and Africa hotel pipeline for May 2016

By on Jun 21, 2016

LONDON—STR’s May 2016 Pipeline Report shows 153,818 rooms in 546 hotels Under Contract in the Middle East and 56,413 rooms in 295 hotels Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The Under Contract total in the Middle East subcontinent represents a 32.7% increase in rooms Under Contract compared with May 2015 and an 18.7% year-over-year increase in rooms In Construction. The Middle East reported 81,363 rooms in 252 hotels under construction for the month.

The Under Contract total in the Northern Africa and Southern Africa subcontinents represents a 28.1% increase in rooms Under Contract compared with May 2015 and a 33.9% year-over-year increase in rooms In Construction. Africa reported 30,737 rooms in 158 hotels under construction for the month.

Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 34,680 rooms in 77 hotels. United Arab Emirates followed with 27,344 rooms in 93 hotels. Three other countries each reported more than 3,000 rooms In Construction: Qatar (7,298 rooms in 31 hotels), Egypt (6,111 rooms in 18 hotels) and Morocco (3,025 rooms in 16 hotels).

Hotels: Joburg experiences double-digit growth whilst Morocco falters in April

By on Jun 21, 2016

Johannesburg, South Africa, experienced double-digit growth in occupancy (+12.1% to 60.9%) and RevPAR (+21.6% to ZAR553.91). ADR in the market was up 8.5% to ZAR909.72 The market’s occupancy was helped by a 2.2% decrease in supply. The depreciation of the South African Rand against the U.S. dollar and inflation has led to 33 consecutive months of year-over-year ADR increases in Johannesburg.

Morocco reported an 8.2% decrease in occupancy to 57.4%, an 8.3% drop in ADR to MAD1,157.28 and a 15.9% drop in RevPAR to MAD664.24.

Source: Hotel News Now

HVS THINCs You Should Come to Cape Town

By on Jun 18, 2016

A year after the successful opening of its Cape Town office, HVS is delighted to announce the launch of its conference, THINC Africa 2016. The acronym THINC (Tourism Hotel Investment Networking Con…

Source: HVS THINCs You Should Come to Cape Town

HVS THINCs You Should Come to Cape Town

By on Jun 18, 2016

A year after the successful opening of its Cape Town office, HVS is delighted to announce the launch of its conference, THINC Africa 2016. The acronym THINC (Tourism Hotel Investment Networking Conference) could not be more apt for a conference focusing on the rapidly expanding African hotel market. With an increase in interest in hotel development throughout the continent, the event will highlight the significant benefits of investing in hotels in Africa. The risks and challenges of investment will be acknowledged, whilst discussing ways of mitigating these risks. Africa can offer some very interesting opportunities and there will be a session exploring hotels as a way of hedging currency risk in a wider portfolio. HVS London’s chairman, Russell Kett, will be moderating one of the sessions entitled “Using Hotels as a Hedge against Currency Fluctuation”. The conference will be held on 6-7 September at the Radisson Waterfront Hotel in Cape Town. Register now for the early bird discount. For more information, visit THINCAfrica.com.

Marriott Rebrands Protea with the "By Marriott" Endorsement Marriott

By on Jun 17, 2016

Marriott International has rebranded its chain of Protea Hotels across Africa, which it acquired in 2014, adding the “by Marriott” endorsement and creating an updated and more modern logo. Protea is now officially Protea Hotels by Marriott. Commenting on the move, Alex Kyriakidis, president and managing director for Marriott in the Middle East and Africa, said, “Consumer research conducted in South Africa in 2015 confirms that the endorsement of Protea Hotels by a large, international brand company such as Marriott would elevate brand perception and preference.” Protea has more than 100 hotels throughout South Africa and seven other African countries.

Source: HVS

Marriott Rebrands Protea with the “By Marriott” Endorsement Marriott

By on Jun 17, 2016

Marriott International has rebranded its chain of Protea Hotels across Africa, which it acquired in 2014, adding the “by Marriott” endorsement and creating an updated and more modern logo. Protea is now officially Protea Hotels by Marriott. Commenting on the move, Alex Kyriakidis, president and managing director for Marriott in the Middle East and Africa, said, “Consumer research conducted in South Africa in 2015 confirms that the endorsement of Protea Hotels by a large, international brand company such as Marriott would elevate brand perception and preference.” Protea has more than 100 hotels throughout South Africa and seven other African countries.

Source: HVS