Africa: Capital hotels records N5.98bn revenue despite challenging business environment

hotels

The Board of Capital Hotels PLC, owners of Sheraton Abuja hotels on Thursday declared N5.98 billion revenue for the year 2018, showing an increase of 4 per cent above the sum of N5.62 billion revenue recorded in the preceding financial year. Chief Anthony Idigbe, Chairman, Board of Capital Hotels disclosed this at the 28th Annual General Meeting (AGM) held in […]

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News: LVMH Expands Into Hotels And Travel

hotels

It’s the biggest recent news rocking the hotel business, especially for luxury travelers: today luxury fashion and alcohol conglomerate LVMH (Moët Hennessy Louis Vuitton) announced the acquisition of hospitality company Belmond Ltd. Formerly known as Orient Express Hotels, Belmond is the owner, part-owner or manager of 46 luxury hotels, restaurants, trains and river cruises, including some of the most famous […]

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News: Associated Luxury Hotels Elevates Presence in Luxury Leisure Space

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Associated Luxury Hotels (ALH) announces the first of three key initiatives planned to bolster its presence in the Luxury Leisure Sales arena with the launch of its new Leisure Sales Program, The Associates Club, for travel consultants and concierge companies. Associated Luxury Hotels is a leading global hospitality and revenue generation company dedicated to empowering success for upper upscale and […]

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Tourism: With 430 branded Hotels South Africa leads in Africa followed by Egypt at 300 and Morocco at 150

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Knight Frank, which is a global real estate consultancy company, announced in a report that Egypt has the second highest number of major hotels in Africa after South Africa. The report stated that hotel supply levels vary greatly across Africa, where Morocco ranked third after Egypt with 153 hotels branded or chain hotels. Furthermore, South Africa that has the largest […]

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Africa: Hotels at Coast banking on New Year festivities to boost revenue

hotels

Hotels at the Coast are banking on high holiday patronage to sail into the new year with ease after weathering a tough 2017. Even those that experienced low guest numbers during the better part of the year in Watamu and Malindi in Kilifi County, are now enjoying booming business, thanks to both local and international tourists who have poured in […]

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Tourism: Study shows that there is a Chronic Shortfall in Supply of Hotels across Africa

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According to research undertaken by W Hospitality Group, sub-Saharan Africa, particularly West Africa and East Africa, is chronically under-supplied in terms of branded hotel bedrooms. The annual Chain Hotel Pipeline study by W Hospitality Group provides an in-depth insight into the hotel development market across the continent, with the majority of upcoming new supply this year being in sub-Saharan Africa […]

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Tourism: 6100 branded rooms from 41 hotels in 9 cities and 10300 expected Nigeria is the 3rd most valuable Hotel market in Africa

hotel

Nigerian hotels are the most valuable hotels on the African mainland, according to the African Hotel Report 2017 that will be released at the Africa Hotel Investment Forum in Kigali tomorrow. Despite the economic problems experienced by the market in recent years that have seen values fall by 16.4% in the last two years, average values are the third highest […]

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Africa: With 7,232 Hotels Ghana’s Tourism Sector has been growing despite challenges

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While the world reels under economic challenges brought on mainly by the collapse of global crude prices, Ghana’s hotel industry has remained resilient, a report by global accounting firm PricewaterhouseCoopers LLP (PwC) received here on Wednesday said. This, it said, was the result of steps taken by government to diversify the economy, such as promoting the hospitality and tourism sector. […]

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Aviation: 28 airlines of the Star Alliance jointly offer round the world trip

star

Star Alliance is offering two Round the World tickets for a good cause and is inviting members of the public to decide which of the six shortlisted nominees should be selected to travel the world with a companion. Each nominee was put forward by one of the travel bloggers who recently completed their own Round the World trip with Star […]

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