Kenya’s hotel supply is set to increase by more than 1,500 rooms this year, owing to increased investment and a build up branded hotels, reports Kenya's Standard Digital. Eight hotels are currently under construction within Nairobi andset to be completed by the end of the year.
This new development comes with the aim of reducing what Standard Digital calls a "huge supply gap in the hotel accommodation segment." The Hotel Chain Development Pipelines in Africa 2015 Report by W Hospitality Group revealed that out of the 1,510 rooms to be delivered, 1,050 accounting for 70 percent are complete.
W Hospitality Group Managing Director Trevor Ward said, "International hotel brands are increasingly investing in the African hospitality industry," including Mantis, Park Inn by Radisson, Hilton, Mariott, Sheraton, Noom, Hilton Garden Inn and Kempinski.
The hotels to open in Kenya are part of 165 new hotels comprising of 50,000 rooms expected to be built in Africa this year. More investments are expected to be announced during the forthcoming Africa Hotel Investment Forum between September 30 and October 10, 2015 in Addis Ababa, Ethiopia.