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Ethiopia, Uganda, Nigeria, Angola and Ghana are identified as key investment destinations for global hotel chains scouting for opportunities in the region, says a survey by W Hospitality Group. According to the survey, which is based on the number of signed contracts by international and regional hotel brands as well as smaller non-branded hoteliers, Nigeria leads the way in sub-Saharan Africa with the creation of 53,000 jobs, followed by Ghana with 11,000, Angola with 9,000, Ethiopia with 8,800 and Uganda with 8,500.

 

The managing director of W Hospitality Group, Trevor Ward, noted that in Sub Saharan Africa, growth in the hospitality industry is forecast to be much faster than in the developed economies, providing 23% compared to the developed economies which are struggling to exceed 2%. Africa, he added, is positively booming and in an industry which is as labour intensive as hotels this is very good news for job creation.