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Hospitality Net
6 days ago
- Business
- Hospitality Net
Cape Town is Hot Property Development boom bodes well for Africa's top hotel investment summit
Cape Town's hospitality and real estate industries are experiencing remarkable growth, reinforcing the city's current status as Africa's premier destination for tourism and investment. This surge bodes well for the upcoming Future Hospitality Summit Africa, the continent's most influential hospitality & tourism investment conference, which comes to 'The Mother City' on June 17-18. When destinations experience strong economic growth, they are typically a magnet for money, as investors are keen to come and see what's going on. Their presence has a knock-on effect of attracting top executives from developers, bankers, operators and brands, who are keen to meet their peers and discuss new opportunities. So, the organisers expect the Summit to be busy. The city's hotel sector has shown outstanding performance, with CoStar's April 2025 figures revealing an occupancy rate of 72.5%, the highest in South Africa. Revenue Per Available Room (RevPAR) climbed by 20.1% year-on-year, reaching ZAR 2,286.63 and the Average Daily Rate (ADR) reached ZAR 3,145.96, up 17.7% on 2024. According to Philip Wooller, Area Director for the Middle East and Africa at CoStar. He said: 'Cape Town's performance reflects a powerful rebound in demand and a growing confidence in the city's hospitality offerings. The consistent rise in both occupancy and RevPAR shows that Cape Town is not only back on the global travel radar—it's commanding a premium.' — Source: The Bench — Source: The Bench This strong performance extends across the Western Cape too. In April 2025 the province posted a 64.6% hotel occupancy rate, well above the national average of 56.3%. Cape Town's Luxury properties also performed particularly well then, achieving an impressive 66.2% occupancy—outpacing counterparts in other major South African cities. Cape Town's real estate market is experiencing a similar boom. In 2024/5, the average capital value of property reached R13,400/sqm, significantly higher than Johannesburg, and Pretoria. We're seeing a convergence of factors driving the real estate upswing in Cape Town: a robust tourism pipeline, investor confidence, and a renewed focus on mixed-use and lifestyle-driven developments. The city's appeal is both emotional and financial—it makes sense to visit, and increasingly, it makes sense to invest. Wayne Godwin, CEO at JLL Africa In keeping with its reputation as an investment-grade forum, FHS Africa's agenda will focus on all aspects of hospitality investment and finance, as well as development, capital markets, dealmaking and the sector's most pressing issues and opportunities. In the hospitality industry, it is known as a networking hub for global industry leaders, major investors, and policymakers and is an event where substantial deals are often conceived and announced. We're seeing strong and sustained demand in Cape Town, driven by both international, and regional travel. This is creating meaningful opportunities for growth, particularly in the premium and luxury space. The anticipated addition of Morea House, Autograph Collection later this year reflects this momentum and the market's appetite for distinctive, high-quality hospitality experiences. Karim Cheltout, Senior Vice President, Lodging Development at Marriott International, Middle East and Africa.
Zawya
7 days ago
- Business
- Zawya
Cape Town is Hot Property
Cape Town's hospitality and real estate industries are experiencing remarkable growth, reinforcing the city's current status as Africa's premier destination for tourism and investment. This surge bodes well for the upcoming Future Hospitality Summit Africa, the continent's most influential hospitality&tourism investment conference, which comes to 'The Mother City' on June 17-19. When destinations experience strong economic growth, they are typically a magnet for money, as investors are keen to come and see what's going on. Their presence has a knock-on effect of attracting top executives from developers, bankers, operators and brands, who are keen to meet their peers and discuss new opportunities. So, the organisers expect the Summit to be busy. The city's hotel sector has shown outstanding performance, with CoStar's April 2025 figures revealing an occupancy rate of 72.5%, the highest in South Africa. Revenue Per Available Room (RevPAR) climbed by 20.1% year-on-year, reaching ZAR 2,286.63 and the Average Daily Rate (ADR) reached ZAR 3,145.96, up 17.7% on 2024. According to Philip Wooller, Area Director for the Middle East and Africa at CoStar. He said: 'Cape Town's performance reflects a powerful rebound in demand and a growing confidence in the city's hospitality offerings. The consistent rise in both occupancy and RevPAR shows that Cape Town is not only back on the global travel radar—it's commanding a premium.' This strong performance extends across the Western Cape too. In April 2025 the province posted a 64.6% hotel occupancy rate, well above the national average of 56.3%. Cape Town's Luxury properties also performed particularly well then, achieving an impressive 66.2% occupancy—outpacing counterparts in other major South African cities. Cape Town's real estate market is experiencing a similar boom. In 2024/5, the average capital value of property reached R13,400/sqm, significantly higher than Johannesburg, and Pretoria. Wayne Godwin, CEO at JLL Africa, noted: 'We're seeing a convergence of factors driving the real estate upswing in Cape Town: a robust tourism pipeline, investor confidence, and a renewed focus on mixed-use and lifestyle-driven developments. The city's appeal is both emotional and financial—it makes sense to visit, and increasingly, it makes sense to invest.' In keeping with its reputation as an investment-grade forum, FHS Africa's agenda will focus on all aspects of hospitality investment and finance, as well as development, capital markets, dealmaking and the sector's most pressing issues and opportunities. In the hospitality industry, it is known as a networking hub for global industry leaders, major investors, and policymakers and is an event where substantial deals are often conceived and announced. 'We're seeing strong and sustained demand in Cape Town, driven by both international, and regional travel. This is creating meaningful opportunities for growth, particularly in the premium and luxury space. The anticipated addition of Morea House, Autograph Collection later this year reflects this momentum and the market's appetite for distinctive, high-quality hospitality experiences,' said Karim Cheltout, Senior Vice President, Lodging Development at Marriott International, Middle East and Africa. Andrew McLachlan, Founder&MD, Develop Hotels Inc (pictured), concluded: 'Cape Town is buzzing — I'm tracking over 40 new hotel projects, from boutique stays, aparthotels to urban resorts. With global brands and bold independents circling, FHS Africa couldn't be better timed to help investors, developers and owners align brand, business models and strategy for serious long-term value' Distributed by APO Group on behalf of The Bench. Further Information: For further information and high-resolution images, please contact: David Tarsh +44 (0) 20 7602 5262 +44 (0) 7770 816 070 Email: David@ About FHS Africa: For over a decade, the Future Hospitality Summit Africa (FHS Africa – formerly the Africa Hospitality Investment Forum) has been the launchpad for hospitality investment in Africa, driving growth, connecting visionaries, and transforming the continent's tourism and hospitality landscape. As a beacon of opportunity, FHS Africa brings together global investors, developers, operators, and industry leaders committed to turning potential into reality. Strategic Partners: Accor, BWH Hotels, Hilton, Marriott International, IHG Hotels&Resorts, Radisson Hotel Group Headline Sponsors: ACT, CHIC, Hansgrohe, TUI Hotels&Resorts Sponsors: Aleph Hospitality, CityBlue Hotels, EQUATE, Knight Frank, JLL, St Helena Government, STR, TIME Hotels, TV5 Monde, Valor Hospitality Partners Event Ambassadors: Develop Hotels Inc, Hotel Partners Africa, Voltere by Egis, W Hospitality Group Official Carriers: Discover Airlines, Kenya Airways Supported By: South Africa Tourism About The Bench: The Bench has a legacy of delivering world-leading investment forums and conferences in Europe, Africa, the Middle East, and Latin America. The key principle behind these events has remained "dealmaking'. Transforming the way businesses connect, Bench has developed a reputation for creating innovative and high-impact meetings for the industry. For over two decades, government leaders, tourism ministries, global travel&tourism associations, the world's most influential hospitality brands, hotel owners&investors, renowned restaurant groups, airlines&aviation authorities, destination developers, asset managers, financial groups, and consultants have been participating in The Bench's events. These include FHS Africa, FHS World, FHS Saudi Arabia and AviaDev, where industry players showcase their brands, position themselves as thought leaders or innovators, and connect with the right individuals, opportunities and knowledge. Learn more at
Arab News
06-04-2025
- Business
- Arab News
Riyadh to host ‘2025 KSA Stakeholder Gathering' amid booming hospitality, real estate growth
As Saudi Arabia continues to cement its position as a global tourism and investment hub, Hospitality and Real Estate owners, operators, developers, gigaproject delegations, consultants, manufacturers, and suppliers will convene at the '2025 KSA Stakeholder Gathering' in May in Riyadh. Against the backdrop of Vision 2030's ambitious targets, this event will explore the intersection of heritage and culture with design and guest experience, the adoption of cutting edge technology and innovation as well as the key sustainability initiatives that form a cornerstone of the rapid developments taking place across the Kingdom. The '2025 KSA Stakeholder Gathering' will serve as a vital platform for collaboration, networking, and knowledge-sharing among the Kingdom's top decision-makers. ''The 2025 KSA Stakeholder Gathering' is more than just a conference — it's a strategic forum where industry leaders can engage in meaningful discussions, forge valuable partnerships, and contribute to the Kingdom's economic growth,' says Martina Bjorkenor, MD, The Hospitality Network. The event will feature a distinguished lineup of keynote speakers, including senior leaders, key decision-makers, and industry pioneers who are shaping the future of Saudi Arabia's real estate and hospitality landscape. These experts will provide in-depth insights into the unique and diverse developments shaping Saudi Arabia and the accompanying emphasis on heritage, culture, sustainability and innovation. Highlights include keynote speakers Philip Wooller, STR, data benchmarking and market forecasting expert in the Middle East's hospitality sector; and Joseph Bradley on the role of AI and smart technology in transforming the hospitality and real estate industries. The conference will host a series of expert-led panel discussions, addressing key topics covering design & architecture, technology, development, and sustainability. As a highlight of the event, 'The Hospitality Awards' will celebrate outstanding achievements in Saudi Arabia's hospitality and real estate sectors. These awards will recognize innovation, sustainability, and leadership, with categories including 'Sustainability Champion of the Year,' 'Entertainment Visionary of the Year' and 'Luxury Hospitality Pioneer of the Year' and nominations will determine the winners, ensuring that the awards reflect the diverse voices of the industry. The ceremony will serve as a platform to honor the industry's top innovators and visionaries. In addition to structured discussions and presentations, attendees will have the opportunity to engage in casual networking sessions. Specially curated networking sessions, coffee breaks, and evening receptions will provide a relaxed environment for industry professionals to connect, discuss potential collaborations, and strengthen business relationships. These informal gatherings will complement the main agenda, allowing attendees to exchange ideas and explore partnerships in a dynamic and engaging atmosphere. With an agenda featuring thought-provoking discussions, expert insights, and unparalleled networking opportunities, the '2025 KSA Stakeholder Gathering' is a must-attend event for industry professionals. Participants will gain valuable knowledge, explore business prospects, and celebrate the advancements driving Saudi Arabia's hospitality and real estate industries forward. For more information about the event, speaker lineup, or to register, please visit or contact info@
