Kenya, SA hotspots in luxury hotels investment
Kenya and South Africa have been tipped as the next continental hotspots in luxury hotel investment.
A new report released at the World Travel Market 2017 conference held in London between November 6 and 8 says the investment would be underwritten by continued flow of top-dollar clients to the region.
“South Africa and Kenya are expected to register strong growth in luxury hotels as Sub-Saharan Africa continues to be popular with luxury travellers,” says Euromonitor International’s Top 100 Cities Destination Ranking 2017 report.
It comes against the backdrop of a string of heavy investments by leading luxury hotels in Kenya last year. The list includes Accor Hotels, Hilton, Carlson Rezidor, and Acacia Premier.
Nineteen hotels are expected to come to Kenya shortly, with a total of 3,453 new rooms in the pipeline, according to a report by Lagos-based consultancy W-Hospitality Group.