Hotel: Egypt has most active project pipeline in Africa
A recent report from TOPHOTELCONSTRUCTION finds that Egypt is the country with the most active project pipeline on the entire African continent, with currently 55 projects in the pipeline, which is nearly double that of the next closest country, Morocco with 36 hotels on the boards.
This likely means Africa’s hospitality boom is being powered in part by the rise in tourism in Egypt, where visitors come from across the globe each year to enjoy unique historical sites and landscapes, as luxury travel for most becomes more about experience rather than product.
Some of the significant hotels currently in the pipeline in Egypt include The St. Regis Cairo, Hilton Second Nile Tower and Four Seasons Resort Sharm El Sheikh.
Egypt is far from the only country in Africa with many hotels currently in its project pipeline. Below Egypt in the hotel development race (in order) is Morocco, Nigeria, Ethiopia, Kenya, Algeria, South Africa, Cape Verde, Senegal, and the Ivory Coast.
On average, Africa’s top ten countries in terms of their hospitality market currently have in the region of 22 hotels in their pipelines, with Egypt standing out its 55 projects on the boards.
The most recent development data compliments The Egyptian tourism ministry’s strategy to target social media influencers to boost tourism in the area and promote it as a travel hotspot destination.