Pwc Africa Hospitality Outlook 2017 – 2021. - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

Overall room revenue in South Africa,Nigeria, Mauritius, Kenya and Tanzania rose 12.2% in 2016, the biggest increase since 2013. Mauritius and South Africa had the largest gains at 15.3% and 12.2%, respectively, each benefiting from double-digit growth in foreign tourism. Nigeria and Kenya both exceeded expectations in 2016. Guest nights had been decreasing in both countries in recent years, but in 2016 they held steady in Nigeria and turned upward in Kenya. In Nigeria, growth in domestic tourism, in part stemming from a weak economy and the falling value of the Nigerian naira, which discouraged foreign travel, helped offset a decline in foreign visitors. Further devaluation of the naira will have a positive impact on the underlying market, although spending figures expressed in US dollars may appear to be lower because of the devaluation.Because of economic weakness in Nigeria and South Africa, and a moratorium on new construction and hotels under construction in Mauritius, a number of projects have been delayed or postponed and we now expect a smaller expansion in the number of available rooms than we predicted in last year’s Outlook.

Pwc Africa Hospitality Outlook 2017 – 2021.

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