{"id":462418,"date":"2018-10-01T11:12:14","date_gmt":"2018-10-01T10:12:14","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462418"},"modified":"2018-10-01T11:12:14","modified_gmt":"2018-10-01T10:12:14","slug":"marriott-international-reveals-robust-expansion-plans-across-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/10\/01\/marriott-international-reveals-robust-expansion-plans-across-africa\/","title":{"rendered":"Marriott International reveals Robust Expansion Plans across Africa"},"content":{"rendered":"
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From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International on first october announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings. The new signings will further consolidate Marriott International\u2019s presence in Ghana, Kenya, Morocco and South Africa and mark the company\u2019s entry into Mozambique. The signings put Marriott International on track to increase its portfolio by 50 percent with over 200 hotels and 38,000 rooms by 2023 estimated to generate 12,000 new job opportunities.<\/p>\n

Marriott International\u2019s planned growth reinforces its commitment to Africa and underscores the substantial emphasis that countries across Africa are placing on the travel and tourism sector. The company estimates that the five new projects signed will drive investment of over $250 million by the property owners and will generate substantial economic activity.<\/p>\n

\u201cMarriott International\u2019s acquisition of Protea Hotels followed by the acquisition of Starwood Hotels & Resorts Worldwide has given an impetus to our organic growth on the continent. Today we are seeing strong owner interest in our brands, backed by our combined loyalty program, the collective strength of our global platform and our highly-experienced, local teams,\u201d said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International. \u201cAfrican economies have sustained unprecedented rates of growth, which have mainly been driven by a strong domestic demand, improved macroeconomic management and increased political stability. The continent is still under capacity as far as branded hotel supply is concerned, presenting us with a fantastic opportunity to grow our brands and enhance our footprint,\u201d he added.<\/p>\n

Today, Marriott International is present in 21 countries on the African continent: Algeria, Djibouti, Egypt, Ethiopia, Gabon, Ghana, Guinea, Kenya, Malawi, Mali, Mauritius, Morocco, Namibia, Nigeria, Rwanda, Seychelles, South Africa, Tanzania, Tunisia, Uganda and Zambia. The company is set to expand into new markets including Benin, Botswana, Ivory Coast, Mauritania, Mozambique and Senegal.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International on first october announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings. The new signings will further consolidate Marriott International\u2019s presence in Ghana,<\/p>\n","protected":false},"author":527180,"featured_media":462421,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12002],"tags":[12322,15430,53,3104,14805],"class_list":["post-462418","post","type-post","status-publish","format-aside","has-post-thumbnail","category-hotels","tag-africa-en","tag-ahif","tag-kenya","tag-marriott-international","tag-nairobi","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nMarriott International reveals Robust Expansion Plans across Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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