Research

East Africa Hotel Market Overview 2018

October 01, 2018

The high level of new supply that has entered the market, as well as a realistic pipeline of a further c1,000 rooms, will continue to place pressure on room rates as occupancy will remain around 45% to 55% for the market. Demand fundaments are however strong with renewed political stability, strong growth in the leisure tourism sector, and government commitment to thetourism sector. Investment returns will be impacted by reduced profi tability in the short term, yet this may present acquisition opportunities of distressed assets. Various sub-nodes and niche segments continue to provide positive investment prospects and these are being pursued by increasing experienced local hotel investors.

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