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January 25, 2025 | 10 months ago
Hotel investment in Africa: Algeria in the Top 10
Algeria is among the top 10 African countries with the largest hotel project investments in 2024, according to the Hotel Chain Development Pipelines in Africa 2024 report, published recently by W Hospitality Group.
The report states that Algeria ranks ninth in Africa in hotel development, with 13 projects representing 2,603 rooms currently under development. This position underlines the growing potential of the Algerian market for hotel investors, although further efforts could be made to improve the country's attractiveness in this sector.
Last Thursday, the Minister of Tourism and Handicrafts, Houria Meddahi, announced that 727 tourism projects had been registered by December 31, 2024, 90 of which will be operational this year (2025). On January 16, Ms Meddahi Ms Meddahi reported the "completion of the rehabilitation and modernization of 38 public hotels".
The report covers all 54 African countries, including North Africa (Algeria, Tunisia, Morocco, Libya, and Egypt), sub-Saharan Africa and the Indian Ocean islands (Seychelles, Mauritius, Comoros, and Madagascar).
It offers consistent, reliable, and comparable data on hotel development in Africa capturing the activities of hotel chains already present on the continent and those seeking to enter for the first time notes media outlet Africa Business Insider.
In 2024, the report covered 47 international and regional hotel chains (some with zero returns), reporting activity for 134 brands for which they have signed agreements in Africa. The report shows that hotel chains have signed agreements in 41 African countries.
The report reveals significant growth in the sector on the continent, with a total of 524 hotels in the pipeline representing 92,193 rooms, an increase of 9.2% on the previous year (2023).
Details of the Top 10
In the top 10 African countries in hotel development, Egypt tops the list with 109 hotels and 26,241 rooms in the pipeline. Nigeria follows with 50 hotels and 7,622 rooms, while Morocco ranks third with 52 hotels and 7,169 rooms.
Ethiopia is fourth with 31 hotels and 5,128 rooms, followed by Cape Verde with 16 hotels and 5,056 rooms. Tunisia is sixth with 18 hotels and 4,121 rooms, followed by Kenya with 14 hotels and 4,268 rooms.
South Africa is eighth with 22 hotels and 3,427 rooms, Algeria ninth with 13 hotels and 2,603 rooms, and finally Ghana completes the top 10 with 19 hotels and 2,568 rooms under development.
The top 10 countries in room number, development represent 69% of the total number of hotels in the survey.
January 26, 2025 | 
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