Hotel Industry In Ethiopia 2023-2030

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    HOTEL INDUSTRY IN ETHIOPIA

     

    INTRODUCTION

    The hotel industry is a branch of the hospitality sector that focuses on offering lodging services to clients. There are many different hotel kinds, and they may often be divided into groups based on size, purpose, service, and price.

     

    Hospitality, Organisation, Tourism, Entertainment, and Lodging is the complete version of the acronym HOTEL. The hospitality sector, which includes hotels and resorts, is mentioned.

     

    Restaurant Eating Services To All Under Righteousness And Nourishment is the full form of the word “RESTAURANT. “Within the service sector, there are many different industries that fall under the umbrella of the hospitality industry, including accommodation, food and beverage service, event organizing, theme parks, travel agencies, tourism, hotels, restaurants, and bars. 

     

    MARKET DYNAMICS

    Ethiopian Airlines, which operates flights to over no. of locations globally from Addis Ababa, is mostly to blame for the decline in international arrivals in Ethiopia. Given that the nation is home to nine world heritage sites and that the government has taken steps to enhance the investment climate, the tourist industry has enormous potential for expansion.

     

    This involves easing visa regulations so that citizens and residents of the African Union can receive visas upon arrival. Following the pandemic, domestic tourism is probably going to return first, thus Ethiopia should focus on domestic and regional markets as a temporary fix to resurrect its tourism sector.

     

    Major tourist spots across the nation have inadequate hotel infrastructure, therefore there are chances to build hotels and lodges there to draw both domestic and foreign tourists.

     

    RECENT PARTNERSHIPS

     

    S.NO OVERVIEW DETAILS
    1. IT Hospitality partners with Wiscom System Technology in Ethiopia In order to jointly expand the Ethiopian hotel business, IT hotel and Wiscom System Technology have announced that they have formed a strategic collaboration and are opening a new office together in Addis Abeba called IT Hospitality Ethiopia.

     

    With the help of this agreement, IT Hospitality will be able to expand the deployment and integration of technologies as part of their turnkey solution packages for hotel chains in East Africa including Accor, Hilton, Marriott, Radisson, and others.

     

    The launch of the Addis office is a part of the growth ambitions to provide Pan-African service, deployment, and support to IT Hospitality partners and clients.

     

    HOTEL INDUSTRY IN ETHIOPIA MARKET SIZE AND FORECAST

     

    infographic : Hotel Industry In Ethiopia, Hotel Industry In Ethiopia Size, Hotel Industry In Ethiopia Trend, Hotel Industry In Ethiopia ForeCast, Hotel Industry In Ethiopia Risks, Hotel Industry In Ethiopia Report, Hotel Industry In Ethiopia Share

     

    The Hotel Industry in Ethiopia accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

    Inauguration of the Ethiopian Skylight Hotel in Addis Ababa Grand Skylight Hotel, a well-known domestic hospitality brand in China, has successfully opened its flagship property in Addis Ababa, the East African region’s busiest airport and home to the highly regarded Ethiopian Airlines.

     

    This action strengthens Sino-Afro relations and demonstrates Grand Skylight’s global footprint in Africa. It is also a positive step for China’s Belt and Road Initiative.Among the over 3,000 attendees were high government officials from Ethiopia, diplomats, famous people from around the world, and members of the international media.

     

    The hotel has a wonderful atmosphere. It is modern, bright, and opulently vast, suited for a genuine landmark development in continental Africa.Working with Ethiopian Airlines, a forerunner of the new African spirit, makes them very happy.

     

    The Ethiopian Skylight Hotel is a historic establishment with the greatest number of rooms in the area, the most complete amenities, and the largest banquet floor area. The sky’s the only limit as the future beckons,

     

    The hotel is close to Addis Abeba’s Bole International Airport. It is located on an area of around 40,000 square metres. It has 373 guest rooms, three restaurants and three lounge bars. It was constructed by AVIC Engineering Corporation as an EPC contractor.

     

    The Grand Ballroom is Ethiopia’s biggest ballroom and can accommodate 2,000 visitors all at once. The hotel features five different-sized function rooms, a fitness centre, an outdoor heated pool, a driving range for mini golf, a 600m2 exposition area, a boutique shop, a ticket office, and other services.

     

    RECENT DEVELOPMENT

     

    S.NO Overview Of Development Details of Development
    1. Ethiopian Skylight, Africa’s largest hotel Gets a Grand Opening Inaugurating the second phase of Ethiopian Skylight Hotel, the largest hotel on the African continent, is Ethiopian Airlines firm, the region’s largest aviation firm. Ethiopian Airlines debuted the first phase of the Ethiopian Skylight Hotel. With the addition, the hotel now features a total of 1,024 contemporary rooms and suites, including completely furnished flats ideal for both extended stays and overnight visitors.
    2. Radisson Hotel group launches fourth hotel in Ethiopia

    Radisson Hotel Group has signed a contract with Radisson Hotel Bahar Dar, located in northeast Addis Ababa. This is the first Radisson-branded hotel and the group’s fourth  in the country. The completely renovated and renovated 125-room hotel includes a variety of room types, from standard rooms to king rooms and presidential suites. The hotel also features a bespoke concept restaurant, an all-day restaurant, an Italian restaurant and three bars. There is also a fully equipped gym, spa and pool.
    3. CBE, Eaglelion launch a first of its kind online hotel booking and payment platform A hotel booking and payment system has been introduced by the Commercial Bank of Ethiopia and the systems technology company Eaglelion. The recently released application platforms GetRooms and GetFee were created especially for customers of hotels and other hospitality services. At a gathering hosted at the Ethiopian Skylight hotel, Eaglelion, the platform’s creator, went into further detail about the applications.

     

    The hotel features 19 dining options, including Ethiopian, Italian, Arabian, and Asian restaurants, coffee shops, bars, recreational spaces, and locations for sips or hand-crafted cocktails with a panoramic view of the airport, in addition to meeting and event spaces that can accommodate small groups of up to 5000 people.

     

    GetRooms is a platform that caters mostly to travelers with the intention of considerably boosting the hospitality and hotel sectors. It gives consumers the option to pick from a wide range of Ethiopia’s hotels, guest houses, resorts, and other lodging options.

     

    The platforms, which are accessible on both Android and iOS, provide consumers with thorough and accurate information. It provides a round-the-clock reservation service, boosts booking income for the Ethiopian travel and tourist sector, and enables alluring promotions. 

     

    The other application platform is GetFee, a global invoicing platform that enables transactions and bill settlement from any global account at any location and time. Owners of hotels and other hospitality-related businesses can use this feature to manage bookings and transactions, local and international invoicing, inventory, user accounts, and hotel administration and reporting.

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Hotel Industries are manufactured per annum in Ethiopia? Who are the sub-component suppliers in this region?
    2. Cost breakup of a Ethiopia Hotel Industry and key vendor selection criteria
    3. Where is the Hotel Industry manufactured? What is the average margin per unit?
    4. Market share of Ethiopia Hotel Industry market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Ethiopia Hotel Industry in-house
    6. key predictions for next 5 years in Ethiopia Hotel Industry market
    7. Average B-2-B Hotel Industry market price in all segments
    8. Latest trends in Hotel Industry market, by every market segment
    9. The market size (both volume and value) of the Hotel Industry market in 2023-2030 and every year in between?
    10. Production breakup of Hotel Industry market, by suppliers and their OEM relationship
    Sl no Topic
    1 Scope of the Report
    2 Market Segmentation
    3 Research Methodology
    4 Executive summary
    5 Introduction
    6 Growth in number of domestic travelers in    Ethiopia 
    7 Foreign Tourist Arrivals and impact on    Ethiopia  Hotel Ind   Ethiopia try
    8   Ethiopia  Hotels: Establishments by Hotel Category
    9 Total Room Revenue by Hotel Category & C   Ethiopia tomer Type
    10 Total Revenue by Hotel Category & C   Ethiopia tomer Type
    11 Guests by Hotel Category & C   Ethiopia tomer Type
    12 Ind   Ethiopia try Trends: The rise of co-working spaces and one day domestic trips
    13 Popular price point among travellers from major cities
    14 New hotel launches in 2022 and planned launches in 2023-2024
    15 Top 10 highest ADR, OCC and RevPAR cities in    Ethiopia - 2022
    16 GDP AND EXCHANGE RATE FACTORS ON TOURISM DEMAND
    17 Top 10    Ethiopia an cities for Hotel Investments-2022
    18 Market restraints
    19 COVID impact on Hotel Ind   Ethiopia try in    Ethiopia 
    20 Market Size, Dynamics And Forecast By Hotel Type, 2023-2030($M)
    21 Market Size, Dynamics And Forecast By Region, 2023-2030($M)
    22 Market Size, Dynamics And Forecast By Destination type, 2023-2030($M)
    23 Competitive Landscape
    24 Market share of major companies-2023
    25 Profitability analysis of major players
    26 Top    Ethiopia  Hotel Chains 2022
    27 Growth and expansion strategies of major hotel chains in    Ethiopia 
    28 Key Strategic Move: Partnerships, Collaborations and Agreements of Major Players
    29 Pipeline projects in major    Ethiopia  countries
    30 Inventory analysis of major companies
    31 Company Profiles
    32 Unmet needs and Market Opportunity for Vendors
    33 Concl   Ethiopia ion
     
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