African Hospitality Snapshot

African Hospitality Snapshot

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Summary

•GDP across our selected 13 African countries has increased by 64% on average over the decade to 2016 •Countries with established tourism hotspots across the continent continue to invest in and grow their exposure to the international tourism sector, in part, as an effort to diversify the sources of future economic growth due to the recent falls in commodity prices •New tourism hotspots across Africa are beginning to emerge, with global operators already increasing exposure to these locations •Business tourism and leisure tourism spending across our selected 13 countries is expected to grow on average by 63% and 59% respectively. •Across our selected 13 countries tourism is forecast to contribute 10% on average to GDP by 2026

Source: Knight Frank

Published: 2018

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