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Sunday, 3 June 2018

Egypt is home to the second highest number of major hotels in Africa

Egypt is home to the second highest number of major hotels in Africa, with 300 established hotels and resorts across its major cities, a new report by real-estate consultancy firm Knight Frank finds. South Africa is in the lead with 430 hotels (or 30% of the continent’s total hotels), with Morocco (153) and Tunisia (103) in third and fourth place, respectively. “From a Middle Eastern perspective, we are beginning to see something of an uptick in the activities of renowned investors and developers building portfolios of properties across key hospitality hotspots, particularly Morocco and Egypt in North Africa, as well as emerging locations in Sub-Saharan Africa,” the report says, pointing to a new Fairmont City Stars in Sharm El Sheikh that is in Accor Hotels’ pipeline for 2018. Various hoteliers are in the process of launching new projects in Egypt, including the Marriott and Hilton. You can read the full report here (pdf).

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