• Chidozie Uzoezie

Africa Hotel Investment Forum (AHIF) Returns to Nairobi

The Africa Hotel Investment Forum (AHIF), which is the premier hotel investment conference in Africa, will return to Kenya's capital city of Nairobi on 2-4 October 2018.

However, the day prior will feature investment inspection visits to several development projects around Kenya.

Kenya has varied and wide-ranging tourism potential and the opportunity to explore some of these investment opportunities before congregating in Nairobi will be one of the highlights of the event program.

The visits will include various projects accessible via the Madaraka Express Train Service - Kenya’s new express railway, which opened in May, 18 months ahead of schedule. At the AHIF launch, the Kenyan government announced incentives to encourage international investors, including aggressive incentives to entice land ownership and encourage development of hotel infrastructure and associated ‘entertainment’ such as restaurants, theme parks and even cruises. According to the World Travel & Tourism Council (WTTC), Kenya’s travel & tourism industry is responsible for 15.3% of total exports and 8.9% of total employment, with predicts will continue to grow at 6% per annum over the coming decade. By moving location every couple of years, AHIF has provided direct economic benefits to various African cities. In 2017 and 2016, it was held in Kigali.

Hosting AHIF reportedly brings, on average, a million dollars in direct benefit to the local economy, an additional 1.4 million dollars in indirect benefit and a six-figure sum in tax to the government.

AHIF has also helped showcase high-growth destinations to the hotel investment community. AHIF is organised Bench Events, which has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and Latin America.

#HospitalityandTourism #Nairobi #Events

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