Spotlight on Africa –
An overview of
hotel real estate in
Sub-Saharan African markets continue to mature, attracting new capital into the hotel sector.
November 07, 2019
The Spotlight on Africa 2019 report reveals that hotel trading continues to be tough in many parts of the continent, mostly due to the impact of new supply entering the sector; while in some cases there have been demand challenges relating to the holding of elections, economies slowing and regulation changes that have impacted negatively on tourism and business. While trading conditions in a number of markets remain tough, there are hotels that are comfortably outperforming the market across the region. Investors are taking comfort in this and recognising that they need to be more discerning in identifying these opportunities.