Radisson Hotel Group intends to expand its presence in South Africa twofold by the year 2030

Booming African Hospitality Sector Defies Challenges

Africa's hospitality sector is experiencing remarkable growth, despite ongoing challenges such as infrastructure gaps, political volatility, and financing headaches. According to industry reports, the sector is projected to generate a staggering $30 billion by 2028, representing a compound annual growth rate of 7.35%.

This growth rate leaves most global markets behind and is attracting the attention of investors. Despite the obstacles, investors are betting on the fundamentals of the sector, demonstrating a confidence in its potential.

The growth is also reflected in the number of hotels. Hotels in Africa's hospitality sector are expected to grow from $11.29 billion in 2025 to $15 billion by 2029. Last year, there was a 13.3% surge in hotel projects, indicating a continued expansion of the sector.

One company leading this expansion is the Radisson Hotel Group. The group, which is not explicitly named in the provided search results as the group intending to seek 150 hotel owners in Africa and double its number of hotels in South Africa to 26 by 2030, has announced ambitious plans to expand its presence in Africa to 150 properties.

Radisson's plans also include doubling its hotels in South Africa to 26 by 2030. This expansion is part of the group's strategy to capitalise on the growing demand in Africa's hospitality sector.

The growth in the sector is also being driven by an increase in international arrivals. As more tourists visit Africa, the demand for quality accommodation increases, providing a boost to the sector.

In conclusion, despite the challenges, Africa's hospitality sector is thriving. With its impressive growth rate and potential for further expansion, it is a sector worth watching for investors and tourists alike.

Radisson Hotel Group intends to expand its presence in South Africa twofold by the year 2030