May 29, 2016

How We Know African Tourism Is Rising

   May 29, 2016

How We Know African Tourism Is Rising

Hotel_chain_plans_agreed_in_Africa,_2012_-_2016_Number_of_hotels_TMMChart.png

Trader’s remarks: Buoyed by strong growth in Africa’s tourism sector, a number of the world’s largest hotel chains are investing heavily in expanding their geographical footprints on the continent. The massive growth in hotel chains is also the result of a history of under-supply of quality accommodation. Lastly, Africa’s demographic profile also offers opportunities. By 2050 Nigeria will be the third most populated country in the world leading to higher occupancy at hotels.

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