Performance - africa
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HVS: Kenya

MARKET PROFILEKenya lies along the eastern coast of Africa. An estimated (2016) 46 million people reside in Kenya with a population increase of around one million people per annum. Kenya is establishing itself as an important gateway to the high growth East Africa region.

Casablanca is largely dependent on business travellers with limited luxury hotels

Occupancy rates recovered in 2017 from 62% in 2016 to 66% in 2017, owing to the performance of the 4-star hotel segment catering to conferences and exhibitions across the city.Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.

STR: Middle East and Africa hotel performance for January 2018

Morocco performance driven by FIA Formula E Championship race and Marrakech MarathonNigeria's occupancy rises even with security concerns in the countrySaudi Arabia demand increase driven by school holidayLONDON -- Hotels in the Middle East reported mixed January 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.