50% of African Countries See Greater Hotel Value Rise
David Harper FRICS, Head of Property Services for Hotel Partners Africa, a leading hospitality consultant for sub-Saharan Africa, has announced that the African Hotel Report 2017 will be launched at AHIF in October.
This biennial publication is a comprehensive report regarding the hotel market in Africa, covering 44 countries. It analyses how hotel values have changed across the continent, as well as reporting on key trends.
Some of the highlights of this report are:
75% of all countries have seen increases in the value of hotels over the last two years
The average growth in hotel values across the continent over the last two years was 6.4%
50% of all countries saw hotel values increase at a greater rate than all other property classes
Africa still has a shortage of branded bedrooms with only 134 bedrooms per million people, compared with 4,325 per million across the Americas or 2,533 across Europe
10 countries saw hotel values grow by 8% per annum or more over the last 8 years
Jonathan Worsley, Chairman, Bench Events, which organises AHIF, concluded: This report will be essential reading for anyone contemplating investing in hotels in Africa. David’s offer of a free copy for all delegates is a great value-add for those attending AHIF and assessing the investment climate in Africa.” “This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market. However, good advice is vital to help ensure you make the most of this very promising investment opportunity and avoid some of the potential pitfalls that can ensnare the less experienced hotel investor”. The report, which has a recommended retail price of $1,495 will be available at no cost to delegates of the Africa Hotel Investment Forum (AHIF), where David Harper will be speaking on security issues and how they impact the hospitality industry. This report is a country by country guide, discussing the main hospitality trends and investment opportunities. When released it will rank the countries by value of hotels, as well as by annual change in values, on a country by country basis and on a region by region basis.