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
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
KCCA shuts down House of Eden
KAMPALA Capital City Authority (KCCA) together with Uganda National Bureau of Standards have closed House of Eden that manufactures Safi juice and Azur water for allegedly using expired raw materials...
Uganda to host finance meeting for PWDs
Uganda will next month host the first ever conference on microfinance and disability....
More action needed to address women rights in oil region
More action is required to see that disadvantaged women especially those in the Albertine Graben get benefits from oil activities as the industry moves from the exploration into the development phase....
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter