Explore the East Africa hotel market, focusing on Nairobi, Dar es Salaam, Kampala and Kigali
Insight
Hotel Destinations East Africa
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The global hospitality industry has rebounded from the pandemic, with African markets demonstrating especially solid resilience. East Africa's hotel sector has seen increased investor interest due to the surge in urban performance and renewed traveller interest.
Further cementing the signs of recovery, tourist arrivals across the region significantly rose in 2023, making a noticeable impact on the recovery of trading performance across East Africa. Besides international arrivals, the growth of domestic tourism has also marked an upward trajectory in the hotel sector's recovery, enhancing its attrition for potential investors.
With air connectivity recovering and regional airlines experiencing growth, the East African hotel industry is poised for continued positive development as we head into the second half of 2024 and beyond. This promising outlook is further fuelled by a projected 4% economic expansion in East Africa and increased governmental investments into infrastructure and tourism development. These factors collectively make a strong case for enhanced confidence in the East African hotel market – a strong comeback story in the post-pandemic era.