Africa Hotel Market
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.
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