Opportunities for Hotel Development
Africa has a lot of potential when it comes to hotel development, expansion and capital growth. The African Development Bank estimates Africa’s middle class population at 350 million, a segment of the population that presents potential travellers for the growing travel and tourism industry. Hotel development plays a big role in more advanced economies such as South Africa, Kenya, Tanzania and Rwanda. While this growth has been slower in West African countries, some of the major cities in the region are speeding up with development.