Africa Hotel Market Size By Business Model (Individual and Chain), By Type (Luxury Hotel, Boutique Hotel, Transit Hotel, Casino Hotel, and Others), By Geographic Scope And Forecast
Africa Hotel Market Size And Forecast
According to Verified Market Research, The Africa Hotel Market was valued at USD 4,236.2 Million in 2018 and is projected to reach USD 6,314.9 Million by 2026, growing at a CAGR of 5.25% from 2018 to 2026.
Africa Hotel Market Overview
The rise in the number of business visitors in Africa has boosted the hotel market in the region. Business-enabling reforms from some governments have seen the potential in diversifying the tourism sector. Various countries such as Rwanda, Kenya, and South Africa have undertaken initiatives to position themselves as locations for conferences and exhibitions. Also, the improvements in travel between African countries have helped significantly in market growth.
Africa Hotel Market, Competitive Landscape
The Africa Hotel Market is highly fragmented with the presence of a large number of major companies including Accor, Radisson Hotel Group, Hilton, Marriot International, Hyatt, and many others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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