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Hospitality Industry in South Africa News

Recent industry report about Hospitality Industry in South Africa company news, including latest market trends and industry updates in 2024. This sector news is compiled by ÌÇÐÄvlog´«Ã½â„¢ Hospitality Industry in South Africa industry experts.

Hospitality Industry in South Africa News

  • In March 2022, Kasada announced the purchase of the Cap Grace Hotel in Cape Town, South Africa. Kasada's hotel acquisition marks the company's first foray into the South African hotel operator market. It also helps Kasada's strategy of expanding into all major cities in Sub-Saharan Africa.
  • In May 2022, Millat Investments took over the iconic Winston Hotel in Rosebank, Johannesburg, South Africa, adding another key property to its rapidly expanding hospitality portfolio. The purchase of the Winston property comes on the heels of the successful Africa Travel Indaba in Durban, an event aimed at reviving tourism to South Africa and the continent following the global pandemic lockdown.
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  • September 2023: Marriott Hotels inaugurated a new 398-room hotel in Munich, Germany. The Munich Marriott Hotel City West is located in the Westend neighborhood. It offers four dining options: a roof terrace, a fitness center, and an M Club lounge exclusively for Elite Marriott Bonvoy members.
  • December 2022: As part of their ongoing collaboration with Katara Hospitality, IHG Hotels & Resorts (IHG) announced the inclusion of the Carlton Cannes to its network of Regent Hotels & Resorts. It is anticipated to emerge as a flagship hotel within IHG's Luxury and Lifestyle Collection of the next generation of Regent Hotels and Resorts.
  • April 2023: Dubai-based Hospitality Management Holding (HMH) Group set to launch 18 new hotels in the Arabian Travel Market, During its participation in the ATM-2023, the Group will showcase its projects in the hospitality sector across the region and sign new partnership agreements. The Group will utilize the platform to show its future strategies and expansion plans into foreign markets. The HMH Group manages 13 hotels and resorts in and outside the UAE market, with a total inventory of 2032 rooms.
  • March 2023: IHG Hotels & Resorts, one of the world's leading hotel companies with more than 6,000 hotels, made waves with the opening of Voco Dubai The Palm, a brand-new beachfront hotel on the iconic Palm Jumeirah. The hotel has 138 rooms and features two dining options: Maison Mathis, a European restaurant, and Frenia, a rooftop pool bar set to open later in the year.
  • In April 2021, EDITION Hotels announced its further international expansion by the end of 2022, with the slated opening of 8 new properties across three continents. The new openings include sites in Rome, Madrid, Dubai, Reykjavik, Tampa, Doha, Mexico's Riviera Maya at Kanai, and EDITION's second property in Tokyo.
  • September 2023: Marriott Hotels inaugurated a new 398-room hotel in Munich, Germany. The Munich Marriott Hotel City West is located in the Westend neighborhood. It offers four dining options: a roof terrace, a fitness center, and an M Club lounge exclusively for Elite Marriott Bonvoy members.
  • December 2022: As part of their ongoing collaboration with Katara Hospitality, IHG Hotels & Resorts (IHG) announced the inclusion of the Carlton Cannes to its network of Regent Hotels & Resorts. It is anticipated to emerge as a flagship hotel within IHG's Luxury and Lifestyle Collection of the next generation of Regent Hotels and Resorts.
  • August 2023: Brand Concepts Ltd, a fashion retail house specializing in travel gear, handbags, and lifestyle accessories, collaborated with United Colors of Benetton to introduce an exclusive collection of travel accessories and small leather items in the Indian market.
  • February 2023: Dufry AG, the world's largest duty-free operator, acquired Autogrill SpA, a company specializing in motorway and airport catering, from the Benetton Family.
  • March 2023: Radisson Hotel Group announced the signing of two new hotels in Islamabad, Pakistan, with a commitment to expanding its footprint in the South Asian market. The two new hotels, Radisson Blu Hotel & Residences (consisting of 432 rooms, suites, and serviced apartments) and Radisson Hotel Islamabad Multi Gardens, include 165 rooms, including four executive suites.
  • February 2023: Valor Hospitality Partners, a global integrated hotel and operations solutions company, announced to be operating the Hyatt Regency Lahore DHA. The franchise agreement with Hyatt and FP Global (Private) Limited marks the first Valor property in Pakistan to expand its portfolio into Southwest Asia.
  • August 2023: Skyscanner launched its Hindi language experience across all its products and services to penetrate deeper into the Indian market. Skyscanner acts as a one-stop solution for travelers looking to compare ticket fares, hotel tariffs, and intra-city commutes by curating data from its partner Online Travel Agent (OTA) sites.
  • August 2023: MakeMyTrip long with the Ministry of tourism has launched a unique Travellers' Map of India that showcases 600 plus destinations beyond the popular travel spots in the country.
  • April 2023: Dubai-based Hospitality Management Holding (HMH) Group set to launch 18 new hotels in the Arabian Travel Market, During its participation in the ATM-2023, the Group will showcase its projects in the hospitality sector across the region and sign new partnership agreements. The Group will utilize the platform to show its future strategies and expansion plans into foreign markets. The HMH Group manages 13 hotels and resorts in and outside the UAE market, with a total inventory of 2032 rooms.
  • March 2023: IHG Hotels & Resorts, one of the world's leading hotel companies with more than 6,000 hotels, made waves with the opening of Voco Dubai The Palm, a brand-new beachfront hotel on the iconic Palm Jumeirah. The hotel has 138 rooms and features two dining options: Maison Mathis, a European restaurant, and Frenia, a rooftop pool bar set to open later in the year.
  • October 2020 - The Hilton hotel brand is expanding its luxury brand Conrad Hotels & Resorts in Morocco. Hilton's new luxury hotel in Morocco will be constructed in the new luxury coastal town of Arzana, in between Harhoura and Skhirat. The new property will be called Conrad Rabat Arzana and is part of Hilton's 'Conrad Hotels & Resorts' brand. In Morocco, the tourist industry has been badly hit by the pandemic. Yet the investment by Hilton hotels' top luxury brand again shows the long-term appeal of Morocco as a top tourist destination.
  • May 2022: Saudi Arabia's leading theater operator Muvi Cinemas launched Muvi Studios. The new Studio will focus on developing both Saudi and Egyptian films for the Saudi public, concentrating on films for the big screen.
  • September 2022: Flash Entertainment officially opened its KSA headquarters in Riyadh, committed to contributing to rapid growth across Saudi Arabia's entertainment industry and supporting the Kingdom's Saudization goals. The strategic opening of Flash's headquarters in Riyadh demonstrates the company's alignment with Saudi Vision 2030 goals to foster a diverse economy and establish the Kingdom as a world-class live entertainment and tourism destination.

Hospitality Industry in South Africa Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)