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David Harper, head of property services for Hotel Partners Africa, has announced that the African Hotel Report 2017 will be launched at AHIF in October.
This biennial publication is a comprehensive report regarding the hotel market in Africa, covering 44 countries.
It analyses how hotel values have changed across the continent, as well as reporting on key trends.
Some of the highlights of this report reveal 75 per cent of all countries have seen increases in the value of hotels over the last two years, while the average growth in hotel values across the continent over the last two years was 6.4 per cent.
At the same time, half of all African countries saw hotel values increase at a greater rate than all other property classes.
The report is a country by country guide, discussing the main hospitality trends and investment opportunities.
When released it will rank the countries by value of hotels, as well as by annual change in values, on a country by country basis and on a region by region basis.
“This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market.
“However, good advice is vital to help ensure you make the most of this very promising investment opportunity and avoid some of the potential pitfalls that can ensnare the less experienced hotel investor,” said Harper.
The report, which has a recommended retail price of $1,495 will be available at no cost to delegates of the Africa Hotel Investment Forum, where Harper will be speaking on security issues and how they impact the hospitality industry.
Jonathan Worsley, chairman, Bench Events, which organises AHIF, concluded: “This report will be essential reading for anyone contemplating investing in hotels in Africa.”
Sоurсе: breakingtravelnews.com
