Industry Update
External Article26 May 2017

Rezidor Group targets 60 pct jump in Africa hotels by 2020 - reuters.com

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reuters.com external

Sweden's Rezidor Group AB plans to increase by 60 percent the number of hotels it operates in sub-Saharan Africa to 120 in the next four years to take advantage of growing business travel, its regional head said on Tuesday. The company has been focusing on Africa due to growing demand for well-known accommodation brands, such as its Radisson Blu hotels. Such brands are estimated at about a third of the available room capacity in the region. The rest are independently-run hotels. Other global chains that have opened branches in markets such as Kenya in recent years include Marriott and Kempinski.

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