World’s leading luxury hotels expanding across Africa in multi-billion dollar expansion drive
AS international travellers troop back to Africa, some of the world's major hotel chains are re-igniting a multi-billion dollar expansion race that began pre-pandemic. Marriott, Radisson Blu and Hyatt are heading the race for a bigger slice of Africa's hospitality pie as they ramp up their presence, mainly through acquisitions and property management deals and push their select-service brands across the continent. American multinational hospitality company Hyatt Hotels Corporation recently announced it would reestablish its presence in South Africa with Park Hyatt Johannesburg in late 2023 and enter Morocco with Park Hyatt Marrakech through acquisitions of local brands. It also…