• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Marriott to open 30 hotels in Africa push

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Tourism
1 min read
0 0
0
95
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Chamber of Mines Pushes for Longer Stability Agreements to Safeguard Ghana’s Mining Competitiveness

Why Shorter Mining Leases Could Cost Ghana Big Projects and Jobs

Gold Price Hits Record High as Investors Seek Safety

Marriott to open 30 hotels in Africa push

Marriott International has announced plans to open 30 new hotels and more than 5000 rooms in Africa by 2024.

“We continue to see opportunities to expand in major gateway cities, commercial centres and resort destinations across Africa,” Karim Cheltout, Marriott International’s regional vice president for development in Africa, said in a statement on November 2.

The company said its select-service brands, Protea Hotels and Four Points by Sheraton, will make up more than half of its planned expansion in Africa, with debut openings in major sub-saharan economies like Kenya, Angola, Senegal, the Democratic Republic of the Congo and Uganda.

It also plans to expand its portfolio of luxury brands with five anticipated openings in Africa by the end of 2024, mostly in Morocco and Kenya.

Kwakye Donkor, CEO at Africa Tourism Partners, tells fDi that the expansion is a “positive sign” for Africa. He adds that the Marriott expansion “helps sharpen the skills across the hospitality industry in Africa and build more capacity across the continent in terms of international standards and quality assurance”.

Also, he notes that it shows the company’s “confidence” that African countries are ready for people to visit. “If you don’t have a supply [of tourism infrastructure], it is very difficult to accommodate the demand when it comes.” He also argues that Marriott International’s expansion would play a significant role in attracting “business travellers from big corporates and international organisations,” considering that they prefer branded hotels, such as Marriott, over Airbnb or traditional hotels.

Marriott International has 30 brands globally as of 2022. Currently, the company has 130 properties across 20 countries in Africa. It has the strongest presence in South Africa with 47 properties, according to company’s figures.

According to fDi Markets, a greenfield investment tracker, Marriott was the second-largest investor in African hotel and tourism sector between 2016 and September 2022 with total committed foreign direct investment of $521mn, following US-based, Chinese-owned Radisson ($1.04bn)

In 2020, another major hospitality investor, Radisson, announced a big African push in 2020, when it unveiled plans to open 10 new properties per year across the continent until 2025.

Tags: AfricaMarriott to open 30 hotels in Africa pushTourism
No Result
View All Result

Highlights

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

Trending

Business

Chamber of Mines Pushes for Longer Stability Agreements to Safeguard Ghana’s Mining Competitiveness

September 3, 2025

Chamber of Mines Pushes for Longer Stability Agreements to Safeguard Ghana’s Mining Competitiveness The Ghana Chamber of...

Why Shorter Mining Leases Could Cost Ghana Big Projects and Jobs

September 2, 2025

Gold Price Hits Record High as Investors Seek Safety

September 2, 2025

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

September 2, 2025

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

September 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.