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Ethiopia, Ghana have highest hotel room rates in Africa

Ethiopia and Ghana have been ranked top of the list of African countries with highest hotel room rates. The ranking was done by STR, an American company that tracks supply and demand data for multiple market sectors, including the global hotel industry. Ethiopia’s Addis Ababa city ranked first posting Africa’s highest average daily rate (ADR). Between July 2018 and June 2019, Addis Ababa posted an average daily rate of $163.79. Accra Area in Ghana came second posting an average daily rate of $160.34 and Lagos Area in Nigeria came third…

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World Economic Forum on Africa 2012

World Economic Forum on Africa 2012Africa is on the brink of a major transformation. Over the last decade, the continent was home to six of the world’s 10 fastest growing economies, and the outlook for the region remains bright at a time when the rest of the world is facing major political and economic challenges. However, attaining Africa’s aspirations in a new global context will require bold and actionable ideas, as well as strong leadership on regional, national and industry levels.

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