Hospitality Sector | Keep up to speed with the latest news & updates

  • 5 Star Luxury award-winning hotels and resorts worldwide. Mandarin Oriental Hotel Group is pleased to announce the promotion of Beki Sh-Wills to Vice President of Operations for Europe, effective immediately.
  • Indian Hotels Company (IHCL), South Asia’s largest hospitality company, today announced the signing of a Taj hotel in Jaipur. This will be a management contract with Kanha Hotels & Spa Pvt. Ltd.
  • Accor is expanding its presence in Ethiopia with the opening of a new property under its design-led economy brand, Ibis Styles. In a move to ramps up its development plans in sub-Saharan Africa, the group has partnered with the private conglomerate, Yuluch Elyano Trading plc, to operate the 150-key Ibis Styles Addis Ababa, its fifth upcoming property in the capital, with a scheduled opening date of 2023.
  • Major investment is being made in the hospitality industry throughout Africa. According to the Africa hotel projects overview construction report (published in December 2019), Africa’s 282 projects across the continent amounts to more than 60, 000 rooms. The report looks at statistics and projections from the Top Hotel Construction database and outlines key growth markets across the African region. And Nigeria is no exception to this hospitality industry boom, placing third on the report behind Egypt (with 52 projects) and Morocco (with 32 projects).
  • The coronavirus will hit the tourism and travel sector hard. The spread of infectious diseases is invariably linked to travel. Today, tourism is a huge global business that accounts for 10.4% of global Gross Domestic Product (GDP) and 10% of global employment.