Friday, November 22, 2024
Africa’s hotel market is thriving, with revenue set to hit $15B by 2029. Rising online sales, ARPU, and unique travel trends drive this remarkable growth.
Africa’s hotel industry is experiencing remarkable growth, with revenues projected to climb from $10.6 billion in 2024 to $15 billion by 2029, marking an impressive annual growth rate of 7.2%. This outlook reflects a surge in demand for premium accommodations across the continent.
Online bookings are set to dominate, accounting for 77% of total revenue by 2029. Additionally, the average revenue…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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