Geza Ulole
JF-Expert Member
- Oct 31, 2009
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AFRICATECH
SEPTEMBER 26, 2018 / 2:17 PM / UPDATED 6 HOURS AGO
Hyatt Hotels to more than double its Africa hotels by 2020
Duncan Miriri
NAIROBI, Sept 26 (Reuters) - Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalise on improved travel links and robust economic growth that is boosting demand for rooms, the company’s regional vice president said on Wednesday.
Hyatt currently has nine hotels in Africa but lags far behind rivals such as AccorHotels, which has more than 100 hotels in Africa and has earmarked $1 billion to invest in expansion on the continent.
Another rival Radisson has 86 hotels and almost 18,000 rooms in operation and under development after rapid Africa expansion. A senior Radisson executive for Africa told Reuters last year it planned to have 120 hotels by 2021.
“We are more than doubling our presence on the continent by 2020,” Kurt Straub, Hyatt’s vice president of operations for Middle East and Africa, told Reuters.
“Air travel has improved tremendously, it has become much more open, people are freer to travel. Hyatt is very keen to go where our customers want to go,” said Straub, speaking to Reuters on the sidelines of an event in Nairobi to announce the opening of Hyatt’s first hotel in Kenya in 2020.
Chicago-headquartered Hyatt’s existing hotels in Africa include one in Senegal and South Africa, where it has the luxury Hyatt Regency brand in Johannesburg.
Straub said the new hotels would include a Hyatt Regency in Addis Ababa, Ethiopia, and another in Arusha, a northern Tanzanian city popular with holiday-makers and conference organisers.
The Hyatt hotel in Nairobi will have 233 rooms, including some under the Hyatt Place brand, aimed at shorter stays, and 60 Hyatt House apartment style suites for longer stays.
Straub did not say how much Hyatt was investing in the project, which is a partnership with a local company, only saying it was a “sizeable investment”.
“We are very careful in how we grow. We don’t want to grow for the sake of growing,” said the 25-year Hyatt veteran, who took over his Dubai-based job in February.
“It is not about the quantity, it is about being in the right place at the right time with the right partner.”
MY TAKE
Muache kijiba Hyatt Hotel have 3 hotels in Zanzibar, Dar n about to be opened in Arusha. While in Dodoma plans r underway.
Tanzania: Hyatt Regency hints hotel investment plan in Dodoma
FurtherAfrica FurtherAfrica
3 weeks ago
Approximate reading time: 3 minutes
The luxury Tanzania hotel seeks to expand its reach to tap into upcoming business opportunities available.
Modern oasis at the heart of Tanzania’s largest city, Hyatt Regency Dar es Salaam, the Kilimanjaro is on the verge of constructing a new hotel facility in Dodoma, the country’s national capital. The plan is in line with the country’s aim of building more infrastructure to spur the business environment and attract more foreign investments. Undoubtedly, it will significantly impact the surrounding of the city.
The Kilimanjaro is looking to seize the business opportunities available at its disposal and is hopeful of a positive outcome in the long run. With the city’s economic status elevating, the hotel investment will have a market to serve. The hotel industry in the country is developing courtesy of the tourism sector.
According to Mr Denis Glibic, the Hotel’s Director of Sales and Marketing the new facility will offer quality hotel services. Its presence will also support businesses, especially on a local basis. He noted the demand on the market for the hotel industry which led to the hotel renovation plan that kicked off in 2017, adding more room to accommodate the market.
The growth of the travel and tourism sector has compelled market players in the industry to make custom changes to save their businesses, remain competitive and relevant. It employs 10 per cent of the labour workforce in the nation. It is the fastest growing sector in the country’s economy which promises better returns on investments to the potential entrepreneurs and investors.
According to a survey conducted by the Institute of Rural Development Planning, Dodoma, Tanzania in 2008, a total percentage of 16.3 per cent of 75.2 per cent interested in starting their businesses inclined to restaurants and guest housing. It signified the growth in the hotel industry and the potential of an untapped market.
Mr Glibic confirmed some competitors had fallen off the wagon as the business got competitive but Hyatt Regency remains standing. Most of the food supplied originates from the local farmers who have boosted their economic status from the facility. The agricultural sector is booming in the country and is gaining support from such demands.
826,275 ha of Dodoma Region is under cultivation accounting for 68 per cent utilised for agricultural use. Food crops such as maize, rice, bananas, sweet potatoes and cassava produced are for urban and local consumption. The agricultural products are in danger of sporadic rainfall as the region is a semi-arid area.
The hotel industry is leading the country’s foreign exchange earnings with better hotel management practices playing a role. The vast tourist attraction sites have lured tourists stretching the sector’s performance. The annual growth of the country’s economy is 7 per cent making it one the 20 fastest growing economies worldwide. Improvement of the business environment and infrastructure investments continue to drive the growth of the nation.
Source: The Exchange
SEPTEMBER 26, 2018 / 2:17 PM / UPDATED 6 HOURS AGO
Hyatt Hotels to more than double its Africa hotels by 2020
Duncan Miriri
NAIROBI, Sept 26 (Reuters) - Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalise on improved travel links and robust economic growth that is boosting demand for rooms, the company’s regional vice president said on Wednesday.
Hyatt currently has nine hotels in Africa but lags far behind rivals such as AccorHotels, which has more than 100 hotels in Africa and has earmarked $1 billion to invest in expansion on the continent.
Another rival Radisson has 86 hotels and almost 18,000 rooms in operation and under development after rapid Africa expansion. A senior Radisson executive for Africa told Reuters last year it planned to have 120 hotels by 2021.
“We are more than doubling our presence on the continent by 2020,” Kurt Straub, Hyatt’s vice president of operations for Middle East and Africa, told Reuters.
“Air travel has improved tremendously, it has become much more open, people are freer to travel. Hyatt is very keen to go where our customers want to go,” said Straub, speaking to Reuters on the sidelines of an event in Nairobi to announce the opening of Hyatt’s first hotel in Kenya in 2020.
Chicago-headquartered Hyatt’s existing hotels in Africa include one in Senegal and South Africa, where it has the luxury Hyatt Regency brand in Johannesburg.
Straub said the new hotels would include a Hyatt Regency in Addis Ababa, Ethiopia, and another in Arusha, a northern Tanzanian city popular with holiday-makers and conference organisers.
The Hyatt hotel in Nairobi will have 233 rooms, including some under the Hyatt Place brand, aimed at shorter stays, and 60 Hyatt House apartment style suites for longer stays.
Straub did not say how much Hyatt was investing in the project, which is a partnership with a local company, only saying it was a “sizeable investment”.
“We are very careful in how we grow. We don’t want to grow for the sake of growing,” said the 25-year Hyatt veteran, who took over his Dubai-based job in February.
“It is not about the quantity, it is about being in the right place at the right time with the right partner.”
MY TAKE
Muache kijiba Hyatt Hotel have 3 hotels in Zanzibar, Dar n about to be opened in Arusha. While in Dodoma plans r underway.
Tanzania: Hyatt Regency hints hotel investment plan in Dodoma
FurtherAfrica FurtherAfrica
3 weeks ago
Approximate reading time: 3 minutes
The luxury Tanzania hotel seeks to expand its reach to tap into upcoming business opportunities available.
Modern oasis at the heart of Tanzania’s largest city, Hyatt Regency Dar es Salaam, the Kilimanjaro is on the verge of constructing a new hotel facility in Dodoma, the country’s national capital. The plan is in line with the country’s aim of building more infrastructure to spur the business environment and attract more foreign investments. Undoubtedly, it will significantly impact the surrounding of the city.
The Kilimanjaro is looking to seize the business opportunities available at its disposal and is hopeful of a positive outcome in the long run. With the city’s economic status elevating, the hotel investment will have a market to serve. The hotel industry in the country is developing courtesy of the tourism sector.
According to Mr Denis Glibic, the Hotel’s Director of Sales and Marketing the new facility will offer quality hotel services. Its presence will also support businesses, especially on a local basis. He noted the demand on the market for the hotel industry which led to the hotel renovation plan that kicked off in 2017, adding more room to accommodate the market.
The growth of the travel and tourism sector has compelled market players in the industry to make custom changes to save their businesses, remain competitive and relevant. It employs 10 per cent of the labour workforce in the nation. It is the fastest growing sector in the country’s economy which promises better returns on investments to the potential entrepreneurs and investors.
According to a survey conducted by the Institute of Rural Development Planning, Dodoma, Tanzania in 2008, a total percentage of 16.3 per cent of 75.2 per cent interested in starting their businesses inclined to restaurants and guest housing. It signified the growth in the hotel industry and the potential of an untapped market.
Mr Glibic confirmed some competitors had fallen off the wagon as the business got competitive but Hyatt Regency remains standing. Most of the food supplied originates from the local farmers who have boosted their economic status from the facility. The agricultural sector is booming in the country and is gaining support from such demands.
826,275 ha of Dodoma Region is under cultivation accounting for 68 per cent utilised for agricultural use. Food crops such as maize, rice, bananas, sweet potatoes and cassava produced are for urban and local consumption. The agricultural products are in danger of sporadic rainfall as the region is a semi-arid area.
The hotel industry is leading the country’s foreign exchange earnings with better hotel management practices playing a role. The vast tourist attraction sites have lured tourists stretching the sector’s performance. The annual growth of the country’s economy is 7 per cent making it one the 20 fastest growing economies worldwide. Improvement of the business environment and infrastructure investments continue to drive the growth of the nation.
Source: The Exchange
