NewsSouthern AfricaMarriott International to increase its Africa hotels by 50 pct by 2023

Wed,17Oct2018

Posted on Monday, 01 October 2018 12:03

Marriott International to increase its Africa hotels by 50 pct by 2023

By Reuters

Steve Helber/AP/SIPA  Marriott International plans to increase its hotels in Africa by 50% in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday.

Global hotel chains have been increasing their investments in Africa in recent years to take advantage of fast expanding economies and improving transport links.

Marriott said it had signed deals with partners which will see it increase its hotels in Ghana, Kenya, Morocco, South Africa, and mark its entry into Mozambique.

"The signings put Marriott International on track to increase its portfolio by 50% with over 200 hotels and 38,000 rooms by 2023 estimated to generate 12,000 new job opportunities," the company said in a statement.

Increase portfolio by 50%

Other chains which have recently announced African expansion plans include AccorHotels, which has more than 100 hotels in Africa and has earmarked $1 billion for expansion on the continent.

The Bethesda, Maryland-based company has a portfolio of 6,700 properties in 130 countries, including 21 countries in Africa.

 



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