Latest News
HomeHotels & LodgingSTR: Accor, Marriott lead Africa hotel industry expansion
Hospitality

STR: Accor, Marriott lead Africa hotel industry expansion

Protea Hotels by Marriott is the continent’s second-largest brand (8,374 rooms) behind Hilton (8,617).

 

LONDON — Accor and Marriott International represent the largest hotel supply and pipeline counts in Africa, according to data from STR. As part of the STR 500, the company will release a combined list of the continent’s 100 largest companies and brands during next week’s Africa Hotel Investment Forum in Addis Ababa, Ethiopia.

Accor’s portfolio covered 24,512 rooms as of 31 July 2019, while Marriott accounted for 24,508 rooms. The companies also lead the development pipeline with 19,745 and 15,219 rooms under contract, respectively. Under contract covers the in construction, final planning and planning phases of the pipeline. 

Protea Hotels by Marriott is the continent’s second-largest brand (8,374 rooms) behind Hilton (8,617). 

Over recent years, there has been increased investment interest across Africa with international groups leading the expansion,” said Thomas Emanuel, a director for STR. “There are now just seven countries in Africa with no internationally branded properties present, compared to 18 just six years ago. Accor and Marriott continue to lead the way in Africa, not just in terms of supply, but also pipeline. We look forward to seeing the continued development of the hotel industry across the continent as more supply goes into rapidly developing destinations.”

Emanuel will present at AHIF an update on hotel performance in Africa at 10:00 a.m. on Tuesday, 24 September. 

Top 10 (ranked by room count in Africa)

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

Tags
25/04/2024
24/04/2024
23/04/2024
22/04/2024
19/04/2024