Hospitality &Tourism: Cape Verde Aims For Magic Million
Cape Verde could be on the brink of a hotel development wave if the government fulfils its promises to improve infrastructure and transport links.
It aims to attract more than a million tourists a year by 2020, far more than the current hotel supply can cope with, so investor opportunities on the archipelago, strategically located in the Atlantic Ocean around an hour from Dakar and around four hours from Brazil and Lisbon, could be enormous.
A detailed analysis comes from Horwath HTL, a global leader in hotel, tourism and leisure consulting, ahead of the new Forum de l’Investissement Hôtelier Africain (FIHA) in Marrakesh in February 2019.
The conference, organised by Bench Events as a sister event to the long-established Africa Hotel Investment Forum (AHIF), will focus on the markets of north and west Africa.
During the conference, Philippe Doizelet, Horwath HTL’s Managing Partner, Hotels, based in Paris, will be sharing his expertise, gained from 300 development studies both in France and internationally.
The country has experienced a boom in hotel construction in the last decade. From 2010 to 2016 the number of rooms in the country rose by 94% (from 5,891 to 11,435 rooms).
This has led to an increase in interest from leading international tour operators (TUI, Thomas Cook, Look Voyages, Solférias, etc.) who have gradually programmed the archipelago as a top leisure destination, thus generating substantial arrivals by charter flight.