Connect with us

News

Nigeria leads continent with highest hotel pipeline projects

Published

on

 


Inline image 1

Nigeria still leads the continent with the highest number of pipeline hotels in Africa says a report released by tourism think-tank, W-Hospitality group.

According to the data, new development projects across the country have risen this year by 20 percent with a total of 61 pipeline ventures carrying a capacity of 10,222 hotel rooms in spite of tight economic realities and plunging commodity prices.

Owing to major hotel deals with institutions like Accor Hotels signed by Jovago.com and AAA Activos, more than 36 hotel chains and 86 brands are developing 64,000 hotel rooms – an increase of almost 30 percent from 2015.

“Investors remain confident about the future of the hospitality industry on the continent,” says Trevor Ward Managing Director of W-Hospitality Group, “Even when pummelled daily by low commodity prices, exchange rate problems, political challenges and infrastructure, Africa remains resilient.”

Recent inflation data released by the National Bureau of Statistics show that in line with the growth of the sector, restaurant and room prices rose by 1.1% m/m in January. 

As the International Monetary Fund also predicts a significant increase hotel rates across Sub-Saharan Africa, Kushal Dutta, managing director of Jovago Nigeria said, “The domestic hospitality industry is one sector that has shown tremendous flexibility this year. In spite of the current economic realities, internal travel has continued to thrive providing traction for the industry to grow at a pace 1 percent faster than GDP which is good.”

Similar countries in Africa listed as part of the top ten nations with high number of hotel rooms are Egypt (6,660), Morocco (5,681), Tunisia (2,976), Kenya (2,956), Ethiopia (2,460) and South Africa (2,058).

In September last year, GoldenPeaks Capital Holdings, a UK-based investment organisation, signed a contract to develop three-star hotels in 18 provinces of Angola at a cost of about $1.2 billion.

Share
Also Read:  How Bus Driver Raped Four Years Old Pupil
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Pastor Adeboye Reacts To Death Of UNIBEN Undergraduate Inside RCCG

Published

on

Babies

The General Overseer of the Redeemed Christian Church of God (RCCG) has reacted to the rape and murder of Uwa Omozuwa.

Omozuwa, a UNIBEN undergraduate was raped and killed in one of the branches of the RCCG.

Pastor Enoch Adeboye reacted to the murder of the girl on Instagram.

 

He wrote: “All I can do at this time is to pray for the family of Omozuwa and do everything possible working with relevant authorities to bring the perpetrators to book. I and members of my Family condemn this act strongly and urge everyone to stay calm as we are already looking into the matter and cooperating with the police to establish the facts of the shocking situation. #justiceforuwa”

Also Read:  6 things to expect while visiting Awka

The RCCG also released a statement. In it, they explained why Omozuwa was in church during the lockdown, how she was found, and the actions taken after she was found lying in the pool of her blood.

 

Read the full statement below.

 

Pastor EA Adeboye reacts to the rape and murder of UNIBEN student, Uwa Omozuwa, in one of the branches of his church

Pastor EA Adeboye reacts to the rape and murder of UNIBEN student, Uwa Omozuwa, in one of the branches of his church

Share
Continue Reading

News

See How Nigerians Are Reacting To The Death Of Uwa Vera Omozuwa

Published

on

Criticism and condemnation has been the general reaction to the death of the raped and murdered UNIBEN undergraduate, Uwa Vera Omozuwa.

22-year-old Omozuwa was reading in a church when she was attacked.

A few other people have however shared some shocking comments in reaction to the assault.

 

Some men took to Facebook to react to the news of her death by blaming her for going to read in church. Others went as far as defending rapists and claiming that women enjoy rape even when they are crying.

Also Read:  Alheri Engineering Company denies owing FG N27.2bn over fibre optic agreement

Below are a few reactions:

(more…)

Share
Continue Reading

News

FG Slashes Petrol Pump Price

Published

on

 

 

The Federal Government of Nigeria has once again slashed the price petroleum products.

The Petroleum Products Pricing Regulatory Agency (PPPRA ) announced the reduction of the pump price of the Premium Motor Spirit (PMS) to N121.50 from N123 per litre.

In a memo titled “A.4/9/017/C.2/IV/701 31“, the PPPRA also disclosed that the ex-depot price band is now N100. 13 and N108. 13 per litre while ex-depot for collection is N108. 78 and N111.78 per litre for the month of June.

Also Read:  6 things to expect while visiting Awka

Marketers were directed to comply and operate within the indicative prices. The memo read;

 

“Please recall the recently approved pricing regime which became effective 19th March 2020 and the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations.

“After a review of the prevailing market fundamentals in the month of May and considering Marketers’ realistic operating costs, as much as practicable, we wish to advise of a new PMS guiding pump mice with corresponding Ex-Depot price for the month of June, 2020, as follows:

“Price Band: N121. 50 N123. 50/Litre Ex-Depocorresponding. 13 N104. 13/Litre Ex-Depot for Collection: N109. 78 N1 1 1. 78/Litre.”

 

Share
Continue Reading

Facebook

Trending

Copyright © 2019, February13 Media