Discussion with Wytze van den Berk, VP of International Operations for BWH, highlighting BWH's growth post-acquisition of World Hotels, expansion plans in Africa, diverse brand portfolio, and opportunities and challenges in the African market.
In the latest episode of the AHIF podcast, Matthew Weihs and Trevor Ward delve into the intricacies of Africa's hospitality market. With a focus on the annual Hotel Chain Development in Africa pipeline report, they explore the challenges, trends, and opportunities shaping the continent's hotel industry. From the surge in resort developments to the impact of currency devaluation on project viability, this conversation offers valuable insights for investors and industry players alike.
In this episode of the AHIF podcast, Rahul Chaudhary, MD and CEO of CG Corp Global and CG Hospitality Holdings, shares insights on the remarkable growth and strategic ventures of CG Global over the past two years. From expanding into emerging markets like Nepal and Sri Lanka to venturing into the automobile industry, Rahul highlights the group's dynamic approach to investment. Furthermore, he emphasizes the significance of wellness tourism and the group's plans for expansion in this sector.
In this episode of the AHIF podcast, Michael Aldridge, the Founder and CEO of Kofisi, shares profound insights into the dynamic world of shared workspaces. The conversation unfolds the strategic growth of Kofisi, fueled by a unique blend of hospitality and co-working principles. Aldridge sheds light on the sustainability practices embedded within Kofisi's operations and highlights the pivotal role of technology in enhancing the workspace experience. The discussion moves onto Kofisi's expansion strategy in Africa, exploring the untapped potential of the shared workspace sector on the continent. With a focus on well-being and service standards, Aldridge provides a comprehensive view of the evolving trends in the workspace industry.
Suhail Bhatia, Director of Asset Management, shares the inception of CHIC, highlighting its commitment to bringing world-class accommodation to a region hungry for quality. Dive into the challenges and triumphs of simultaneously developing five state-of-the-art hotels, fueled by a vision for sustainable growth. Explore the strategic partnerships, including the game-changing collaboration with Accor, and discover how CHIC is revolutionizing the hospitality landscape with innovative technology like digital keys. From boosting local economies to pioneering future-ready solutions, CHIC's story is a testament to the golden era of opportunities unfolding in Africa.
JS Anand, Founder & CEO of Labour Hotels, shares his vision for expanding in Africa, exploring opportunities in Rwanda, Ethiopia, and West Africa. He highlights the need for service improvement, training, and government support in the African hospitality landscape. Discussing challenges, JS addresses financial struggles, decision-making complexities, and the importance of synergizing efforts in the region. He commends AHIF for exposure and emphasizes Labour Hotels' commitment to local community development. The podcast unfolds insights on co-branding, greenfield projects, and the strategic role of AHIF in shaping Africa's hospitality future.
Dive into the world of hospitality investment in Africa with Matthew Weihs on the Africa Hospitality Investment Forum podcast. In this episode, he interviews Barney Haddad, the Managing Director of Aleph Hospitality. Discover how Aleph Hospitality operates as a third-party white label hotel operator, providing flexible management services for hotel owners across Africa. Explore the unique challenges and benefits of their model, including flexibility, shorter contractual terms, and street-smart management that leads to higher profitability. Learn about Aleph Cares, their sustainability and social responsibility program, and how they engage with local communities in Africa.
Maya Ziadeh, the Chief Development Officer for premium midscale and economy brands in the Middle East, Africa, and Turkey at Accor discussed Accor's strategy for the African hospitality investment market, their portfolio of brands, and their priorities for growth in Africa in our AHIF podcast series,
Maya highlighted the potential for hotel investment in Africa, with its young and fast-growing population, and urbanization happening faster than any other continent. Accor was one of the first movers in Africa, and they continue to focus on expanding their network in key cities and growing their brands in tier two and tier three cities, especially with franchise partners.
TUI Blue is not just another hotel operator, but a socially responsible company that invests in people and communities. In a recent AHIF podcast episode, tHead of Global Development and Managing Director, TUI Hotels & Resorts discussed their journey, development opportunities, and pipeline in Africa. TUI Blue's social corporate responsibility is at the heart of their business model, and they have created the TUI Care Foundation to contribute to sustainable tourism and hospitality.
Thomas discusses the data solutions provided by STR, which collects data from over 78,000 hotels worldwide on a daily, weekly, and monthly basis. The company provides benchmarking analysis to help clients understand their competitive position in the market and their direct competitors. They offer a range of key performance indicators, including occupancy, average rate, and revenue per available room, as well as segmentation data and business on the books.
Discover the Affordable Lifestyle in Africa's Hospitality Industry. Join us on the Africa Hospitality Investment Forum podcast as we dive into the latest episode featuring Paul Bridger, CEO of Rove Hotels, and Mark Dunford, CEO of Knight Frank. Learn about Rove Hotels, an affordable lifestyle brand bringing quality design and service without compromising on price. Explore the potential for affordable lifestyle in Africa, the demand for leisure properties, and Rove Hotels' expansion plans on the continent. Don't miss this insightful discussion on the hospitality and airport real estate sectors. Tune in now!
Investing in the African Hospitality Industry: Challenges and Opportunities
Are you looking to invest in the hospitality industry? Have you considered Africa as a potential market? In a recent podcast episode, Halla Matar Choufany, President of HVS in Middle East, Africa, and Asia, shared her insights on the challenges and opportunities in the African hospitality industry.
Choufany highlighted the diverse markets in Africa, each at different stages of development. However, she sees potential in conducting feasibility studies to identify sustainable schemes that tie into the bigger picture of tourism infrastructure. Connectivity, financing, safety, and mindset are some of the challenges facing the African market, but changing the mindset around the difficulties of doing business in Africa could lead to finding solutions.
Despite the economic slowdown, there is a migration of money into the Middle East and Africa, making it a good time to invest in Africa as the cost to acquire certain assets is lower compared to other markets. Private equity firms are already showing interest in the African market, and Choufany believes that as more transactions and investments take place, lenders will follow suit.
Instead of building new hotels, Choufany suggests converting and renovating existing assets in Africa, which requires less capital investment and can potentially bring newer and renovated products to the market. She also sees potential for unique and smaller hospitality offerings, such as lodges and local home accommodations.
The conversation also touched on the importance of market research and having the right team and advisors in place to make successful investments in the hospitality industry. So, if you're considering investing in the African hospitality industry, be sure to do your research, understand the market, and have the right team in place to make it a success.
Best Western's Strategic Approach to Growth and Expansion in Africa and Beyond
Best Western Hotel Group's recent acquisition of World Hotels and expansion into the luxury market is a reflection of their CEO's global growth strategy. With a goal of having 80 hotels in Africa by 2026, Best Western is actively working with existing hoteliers and owners to rebrand and expand their footprint on the continent.
Wytze Van Den Berg, the Vice President EMEA, explains how Best Western has integrated the World Hotels team into their own, adding experienced professionals in the upper upscale and luxury segments to their team. Best Western will continue to use all of their brand names for consumer marketing purposes, but for B2B sales, they will reach out to clients as BWH Hotels.
In addition to growth and expansion, Wytze also highlights the importance of cost savings and competitiveness in the industry. Rising labor, energy, and construction costs make it increasingly important to collectively source materials for construction and invest in technology to make distribution more economic. Operational cost savings through combined buying power also play a crucial role.
Best Western's strategic approach to growth and expansion in Africa and beyond is a reflection of their commitment to offering a wide range of options to keep customers loyal while remaining competitive in the current market. As the industry continues to evolve, Best Western is positioning itself for continued success and growth.
Welcome to the AHIF podcast featuring Stephan Sebah, VP of Development at Golden Tulip, as we delve into Africa's hospitality investment landscape. Gain valuable insights from his 20 years in the financial market, specializing in analysis, risk management, and investment strategies. Discover how his expertise seamlessly transitions into the hospitality industry, bridging the gap between investors and the sector.
Stephan shares exciting updates about Golden Tulip, currently operating 11 hotels with 900 rooms across East Africa and the West Coast. Explore their ambitious growth plans, including four upcoming hotel constructions and discussions for potential partnerships in the pipeline. With a focus on local sourcing, sustainability, and empowering local communities, Golden Tulip is shaping the future of hospitality in Africa.
Join us for an engaging discussion at AHIF, where we'll dive deep into topics like regional sourcing, sustainable practices, and the economic impact of the hospitality sector. Don't miss this opportunity to connect with industry leaders, explore investment opportunities, and be a part of Africa's thriving hospitality landscape. #AHIF #GoldenTulip #HospitalityInvestment #AfricanDevelopment #SustainableTourism
Rishabh Thapar, Director at HVS Middle East and Africa, specializes in hotel realty development in emerging markets. With 15 years of experience across operations, development, pre-opening, and consulting, he has worked in diverse hotel markets in over 30 countries. He has undertaken individual and portfolio valuations, operator searches and management contract negotiations, market studies, strategic and transaction advisory for some of the leading hotel companies.
Listen to Rishab in this insightful podcast as he talks about the emerging trends of conservation & climate awareness in the African hospitality sector. Hie gives an indepth analysis on how hotel chains have hotel chains have shifted their focus in favor of engaging the local community. He also highlights key leisure investment opportunities in East & South Africa.
CG Corp is a multinational conglomerate with 150+ hotels in 12 different countries. The group has a strong presence in East Africa and is constanly looking to expand into other parts of the contient.
Listen to Rahul Chaudhary, Managing Director & CEO of CG Corp Global as he discusses his strategy for Africa and outlines the four key pre-requisites that must be present in any country while looking to invest. Rahul also outlines the challenges that need to be addressed in facilitatiing international investment in Africa.
In this podcast, we speak to Cyril Jacob, Managing Director at Ascentis, an engineering and project management organisation. We explore the similarities between the work he’s done in Asia and Africa; what the current challenges are for his organisation in the market and we look forward to his session on Developing Hotel Projects at the Africa Hotel Investment Forum on 24th September 2019 at Sheraton Addis, Ethiopia
Bench Events UK MD Matthew Weihs talks to Jonathan Hubbard about how Africa may be the “next big story” as the world economy moves away from a period of difficulty. The demographic and economic story continues to evolve in Africa and Jonathan talks about how that will attract brands and financial support as supply increases in Africa.
The conversation heads towards the long term view for institutional investors and local partners. The development market, currently at $2 billion dollars a year, is the focus for now, but what happens next with Governments and investors as pertains to their expectations from the market?
This podcast is part of an official series supporting the Africa Hotel Investment Forum (AHIF). To attend, please visit www.africa-conference.com.
Ms Zeisler speaks on the rich wildlife in the region and the option for tourists to stay longer, impacting spending and lowering relative C02 emissions. She also speaks on the some the work that needs to be done by the airline carriers to increase the flow of travellers into the region.
From an investment perspective, Valentina highlights an aggregated fund that pools together a series of independent lodges that form a larger more attractive fund for investors that may otherwise find an independant lodge to small to invest in. Could bundling investments be a game changer?
This podcast is part of an official series supporting the Africa Hotel Investment Forum (AHIF). To attend, please visit www.africa-conference.com.