Hilton to double hotels in Africa in next five years

Hilton has operated in Africa, where it has 41 open hotels and 53 in development, since 1959. (Reuters)
Updated 02 October 2018
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Hilton to double hotels in Africa in next five years

  • International chains, including Marriott International and Hyatt Hotels, have been increasing their investments in Africa
  • The pipeline of new facilities is part of its Africa growth initiative, launched last year

NAIROBI: Hilton Worldwide Holdings plans to more than double its hotels in Africa in the next five years by mainly striking deals with existing hotels for conversion into its brand, its chief executive said.
International chains, including Marriott International and Hyatt Hotels, have been increasing their investments in Africa, which has some of the world’s fastest growing economies and a rising middle class.
Hilton plans to introduce its Curio Collection, an upscale hotel brand, on the continent, starting with a hotel at Lagos airport in Nigeria, Chris Nassetta, the company’s president and CEO, said.
“This hotel is a part of our strategy to connect guests to key cities and airport locations across the region,” he said in a statement issued on the sidelines of a hotel industry meeting in the Kenyan capital.
The continent continues to undergo rapid urbanization, with the United Nations forecasting that the world’s 10 fastest-growing cities will all be in Africa by 2035, he said.
“Hilton is seeing strong demand for its brands across the continent and expects to open eight hotels in total across Africa this year,” the company said.
The Mclean, Virginia-based firm has operated in Africa, where it has 41 open hotels and 53 in development, since 1959.
The pipeline of new facilities is part of its Africa growth initiative, launched last year, which involves the investment of $50 million over five years.
It will result in Hilton starting operations in countries where it does not have a presence such as Botswana and Rwanda.
Other big international hotel groups, including Radisson and Kempinski, are estimated to have about a third of the available room capacity on the continent.
The rest are independently-run hotels, offering opportunities to global operators to strike deals with their local counterparts, industry executives say.


Turkey says trying to convince US to allow Iranian oil imports

Updated 26 April 2019
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Turkey says trying to convince US to allow Iranian oil imports

  • US demanded that Iranian oil buyers stop purchases by May 1 or face sanctions
  • The decision was more stringent than expected, and caught several key importers to plead with the US

ANKARA: Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Aksoy said on Friday.
Washington on Monday said it will not renew exemptions granted last year to buyers of Iranian oil, including Turkey, and it demanded that buyers stop purchases by May 1 or face sanctions.
The decision was more stringent than expected, and caught several key importers who have been pleading with Washington to continue buying Iranian oil sanctions-free.