5th Annual Hotelier Summit Africa - Morocco
THE FIFTH ANNUAL HOTELIER SUMMIT
AFRICA – MOROCCO
REDEFINING
AFRICAN HOSPITALITY
17 , 18 & 19 OCTOBER
MÖVENPICK HOTEL MANSOUR EDDAHBI, MARRAKECH
MOROCCO, AFRICA
The Annual Hotelier Summit, Africa – Morocco is a deal initiative platform put together to bring together investors, property owners, developers, suppliers and other important stakeholders of the hospitality landscape.
The aim of the summit is to provide major buyers and sellers of the hospitality industry a platform to discuss projects that will help build a richer, better north Africa.
The summit is scheduled to take place in Mövenpick Hotel Mansour Eddahbi, Marrakech, from 17, 18 and 19 October 2018.
WHY YOU SHOULD INVEST IN THE NORTH AFRICAN HOSPITALITY MARKET?
1. The Middle East has been seeing a significant uptick in investment activity from major investors and developers looking to boost their portfolios in key travel destinations, including Morocco and Egypt in North Africa.
2. In Africa’s construction pipeline, Nigeria has the most hotels under construction, totaling 38 projects with 6,561 guestrooms. Ethiopia has the second largest pipeline with 30 projects and 5,319 guestrooms. Morocco follows Ethiopia close behind with 29 hotel projects and 4,315 guestrooms.
3. Algeria, much like the UAE, is courting tourism and hotel investment to compensate for falling oil revenue—and global companies are taking note.
4. The Algerian government’s National Tourism Development plan intends to attract more foreign visitors to the country by 2027, bringing the total to 4.4 million from 2.7 million last year. The government has committed to developing the infrastructure needed to support this goal, which has become more pressing as the oil price wavers. In December, the minister of tourism, Hacène Mermouri, said that the ministry had approved 1,812 new hotel projects as part of a plan to bring the country’s capacity from 100,000 guestrooms to 240,000. Of those projects, the minister said that 582 rooms were already under construction.
5. The Hilton Alger is due to reopen later this year after a renovation. “Last year we established a permanent Development resource in Casablanca to help us focus our efforts to grow in North Africa,” Feras Hasbini, development director for the Middle East & North Africa at Hilton, said. “We believe that there is definitely potential for more hotels in Algeria, we are actively looking at opportunities in the market and are interested in looking at more possibilities to add to our existing Hilton Algiers.
