-
The Hotel Market in West Africa:Evolution and Post-Pandemic
Recovery
Presented by Trevor Ward, W Hospitality Group, Lagos
THE WEST AFRICA PROPERTY INVESTMENT (WAPI) VIRTUAL SUMMIT
2020
-
0
200
400
600
800
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Cote D'IvoireExchange Rate (CFA/USD)
Source: World Bank and www.xe.com
0.00
2.00
4.00
6.00
8.00
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
GhanaExchange Rate (GHC/USD)
0
200
400
600
800
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
SenegalExchange Rate (CFA/USD)
0
100
200
300
400
500
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
NigeriaExchange Rate (NGN/USD)
-
Ghana
Cote D’Ivoire Senegal
Interest Rates (%)
2012 – 2020Source: www.tradingeconomics.com
Nigeria
-
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2014 2017 2020
West Africa Hotel Market
Existing Branded Room Supply
Accra Dakar Lagos Abidjan
-
Abidjan
Accra
Dakar
Lagos
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2012 2013 2014 2015 2016 2017 2018 2019 2020
West Africa Hotel Market
Pipeline: Number of Rooms
-
Abidjan
Accra
Dakar
Lagos
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2012 2013 2014 2015 2016 2017 2018 2019 2020
West Africa Hotel Market
Pipeline Evolution: Number of Rooms
2015
MERS
2014
Ebola
2020
COVID-19
-
0 20 40 60 80 100
All Africa
West Africa
Abidjan
Accra
Dakar
Lagos
West Africa Hotel Market
2020 Projected Openings: Number of Hotels
Opened in 2020 Will open in 2020 No information Will not open in
2020
-
West Africa Hotel MarketPipeline Projected Openings: Number of
Rooms by Year
-
-
200
400
600
800
1,000
1,200
2021 2022 2021 2021 2022 2021 2022
Abidjan Abidjan Accra Dakar Dakar Lagos Lagos
West Africa Hotel Market
Pipeline Projected Openings: Number of Rooms by City
-
0
500
1,000
1,500
2,000
2,500
3,000
2013 2014 20152016
20172018
20192020
West Africa
Existing and Pipeline (Rooms)
Existing Pipeline
-
West Africa
Existing and Pipeline (Rooms)
-
Ramsay Rankoussi
VP, Development – Africa & TurkeyAndrew McLachlan
MD- Development Sub-Saharan Africa
in conversation with:
Trevor Ward, MD, W Hospitality Group
