Middle East and Africa Witness Increase in Hotel Pipeline Activity
SUMMARY – MIDDLE EAST AND AFRICA LEAD INCREASED HOTEL PIPELINE ACTIVITY WITH GROWING CONTRACTED ROOMS. SAUDI ARABIA AND UAE…
Market and Tourism
Africa’s Hotel and Hospitality Sector Growth to Boom in 2023
SUMMARY – OPTIMISM AND GROWTH: AFRICAN HOTEL & HOSPITALITY INDUSTRY POSITIVE ABOUT FUTURE, EMBRACES SUSTAINABILITY AND TECHNOLOGY. TRENDS INCLUDE…
Western Cape Hotel Occupancy Recovers Strongly, Exceeding Pre-Pandemic Levels
SUMMARY – WESTERN CAPE HOTELS SURPASS PRE-PANDEMIC LEVELS WITH STRONG RECOVERY, ACHIEVING 72% OCCUPANCY RATE IN DECEMBER 2022. PROMISING…
Egypt Is Facing An Economic Crisis
SUMMARY – EGYPT FACES AN ECONOMIC CRISIS WITH SOARING GROCERY PRICES AND DEVALUATION OF THE CURRENCY, PROMPTING INTERVENTION FROM…
African Hoteliers Facing Finance Challenges
SUMMARY – AFRICAN HOTELIERS TAKE CHARGE TO SECURE FINANCING AMID PERCEPTION BIAS, AS AFRICA IMPORT EXPORT BANK OFFERS BETTER…
STR Reports Hotel Pipeline Activity Down Around the World, Except in Middle East & Africa
SUMMARY – MIDDLE EAST & AFRICA LEADS HOTEL PIPELINE ACTIVITY GROWTH, SAUDI ARABIA AND UNITED ARAB EMIRATES LEAD IN…
South African Hotels Achieve Record-Breaking RevPAR during Festive Season
SUMMARY – SOUTH AFRICAN HOTELS ACHIEVE RECORD-BREAKING REVPAR, WITH A 46% GROWTH IN DECEMBER 2022 COMPARED TO THE PREVIOUS…
Good Year for SA Tourism Despite Challenges in 2022
SUMMARY – DESPITE CHALLENGES, SOUTH AFRICA’S TOURISM INDUSTRY EXPERIENCED A POSITIVE YEAR IN 2022, WITH INCREASED VISITOR NUMBERS AND…
2023 Travel Industry Outlook: Bold Travel Predictions for 2023
SUMMARY – IN 2023, BOLD TRAVEL PREDICTIONS FOR THE TRAVEL INDUSTRY INCLUDE MARRIOTT ACQUIRING ROSEWOOD HOTELS & RESORTS AND…
Extraordinary Reveals A New Destination On The Panorama Route, Mpumalanga
SUMMARY – EXTRAORDINARY UNVEILS ANGELS VIEW, A LUXURY HOTEL IN MPUMALANGA, OFFERING WORLD-CLASS ACCOMMODATION AND CAPTIVATING NATURAL BEAUTY. THE…