Return of investment in the hotel industry – Business Daily


Return of investment in hotels

Radisson Blu at Upper Hill in Nairobi. FILE PHOTO | NMG

A new report has revealed that 24 global hotel brands plan to open new facilities in Kenya this year as the hospitality industry recovers from the effects of the Covid-19 crisis.

The survey by hospitality consultancy W Hospitality Group indicates that the new hotels will bring 3,155 new hotel rooms to the Kenyan market, making the country the top seven hotspots for new luxury hotels on the African continent. .

About 2,450 rooms, or more than three-quarters of planned hotel rooms, were considered “on-site,” meaning they are under construction.

This development is wonderful news for the tourism industry at a time when several hotels that closed due to the pandemic have yet to fully reopen.

But Kenya is still not the preferred destination for investors despite its geographical location, rich game parks and tourist attraction sites.

As Hilton leaves its landmark investment in Nairobi and the InterContinental hotel closes, the government must act quickly to engage stakeholders to remove any bottlenecks that are preventing the country from further investment.

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About Raul T. Casey

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