Business
Uganda among top hospitality investment destinations in the region
Publish Date: Mar 03, 2014
Uganda among top hospitality investment destinations in the region
  • mail
  • img
newvision

 Uganda and Ethiopia have overtaken Kenya as key investment destinations for global hotel chains scouting for opportunities in the region.

The two nations feature on the top five list, whose hotel sectors are expected to receive huge investments in sub-Saharan Africa, alongside Nigeria, Angola and Ghana, the Kenyan Standard has reported.

  A new report ranking countries according to the number of jobs that new investments in the hotel sector will create this year puts Nigeria as the hottest spot for investors in the hotel industry.

The survey by W Hospitality Group is based on the number of signed contracts by international and regional brands as well as smaller non-branded hoteliers.

 “Nigeria leads the way in sub-Saharan Africa with the creation of 53,000 jobs. It is followed by Ghana with 11,000 and Angola (9,000), Ethiopia (8,800) and Uganda with 8,500,” said W Hospitality Group Managing Director Trevor Ward.

 “In Sub Saharan Africa, growth is forecast to be a much faster 23 per cent.” “Where there are fewer people with hospitality industry experience, HPA anticipates three major trends; an influx of top management from abroad, a war for talented middle management and substantial investment in training programmes,” he said.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Mobile money customers shoot to 19.5m
Registered mobile money customers have increased from 17.6 million to 19.5 million between June 2014 and June 2015, the central bank has disclosed....
COMESA in drive to harmonise grain standards
The Common Market for East and Southern Africa (Comesa) met Friday to kick start the process of harmonizing standards of maize grain across the region, and interpreting the existing standards...
Farmers tipped on minting money from honey
A symposium of farmers from Tanzania and Uganda were told that the global demand for honey is currently overwhelming the supply in the market....
New car dealers want used motor vehicles phased out
As Uganda prepares to launch its first locally manufactured automobile to the market in 2018, new car dealers have appealed to the government to begin phasing out the importation of used motor vehicles on the market....
Export Promotions Board to train traders
Lack of awareness of trade procedures at border points among small scale traders is to blame for the low exports....
EAC countries told to invest in livestock for export
EAC countries must come up with strategic investment plans to address impediments to the productivity of livestock in the region to increase the regions GDP....
Do you support KCCA'S move to ban campaign posters from the city?
Yes
No
Can't Say
follow us
subscribe to our news letter