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Africa's hospitality boom forecast to reach $33. 54bn by 2029
Africa's hospitality boom forecast to reach $33. 54bn by 2029

IOL News

time7 days ago

  • Business
  • IOL News

Africa's hospitality boom forecast to reach $33. 54bn by 2029

According to forecasts by Statista , the African travel and tourism market will be worth $33.54 billion by 2029. Image: Tumi Pakkies/ Independent Newspapers FUELLED in part by a surge in 'bleisure' (combined business and leisure) travel, the continent's hospitality sector is poised for significant growth in the next five years. According to forecasts by Statista, the African travel and tourism market will be worth $33.54 billion (about 601bn) by 2029, benefiting from a post-pandemic recovery in trip-taking, improved international connectivity and strong demand for high-quality accommodation. Hotels comprise the largest part of this, with an estimated market volume of $15bn by 2029. 'For local and international business owners, this is a prime opportunity to unlock growth,' according to Joshua Low, Vice President of dmg events South Africa. The company is organising the eighth edition of Hotel & Hospitality Expo Africa, which will take place at the Cape Town International Convention Centre from June 11 to 12 — its first time in the Mother City. The move seeks to capitalise on Cape Town's robust tourism and hospitality industry. 'African hospitality is unparalleled,' Low said. 'We have a lot to offer the world, from unique gastronomic experiences to rich cultural heritage and the expert creation of welcoming home spaces away from home. Savvy professionals are positioning themselves as part of this and putting their enterprises on the map.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Hotel & Hospitality Expo Africa will welcome more than 150 exhibitors and 4 000 visitors from across the industry, including a large number of top-tier executives and other key decision-makers. The event will provide an interactive platform to explore opportunities for investment and innovation, as well as keep abreast of the latest trends. It is part of dmg events' global hospitality showcase, which includes large-scale events in Dubai and Saudi Arabia. In a value-adding move, Hotel & Hospitality Expo Africa will be co-located with the inaugural Africa Food Show, part of the acclaimed Gulfood series of international events. 'Our exhibitors stand to benefit from this strategic collaboration,' Low said. 'It provides an opportunity to showcase their products and services to a much wider, more diverse audience. The decision plays into the increased convergence we are seeing between the food, beverage and hospitality industries.' In a first for the Hotel & Hospitality Expo Africa, the event will include HORECA Connect, a special hub for professionals from the hotel, restaurant and catering sector. This significantly broadens the scope of the event, as well as the opportunities for businesses looking to expand their reach. With revenues exceeding $6bn in 2023 and more than 22.6 million diners served nationwide, the restaurant and bar sector is one of the fastest-growing in South Africa's hospitality market. A highlight of the Hotel & Hospitality Expo Africa will be the much-anticipated launch of the 2025 African Hospitality Confidence Index report, which reveals research-based insights into market sentiment, challenges, trends and innovation. It is considered a key planning tool in the industry. It will be launched at the Conference section of the event, which is supported by Santam. Other learning opportunities include presentations and panels by a high-level line-up of speakers, featuring names like Jacques Stoltz, Director: Tourism, Department of Economic Development, Western Cape Government; Enver Duminy, Chief Executive Officer, Cape Town Tourism; ; Tshifhiwa Tshivhengwa, Chief Executive Officer, The Tourism Business Council of South Africa; Darryl Erasmus, Chief Operating Officer, South African Tourism; Neil Hughes, Managing Director, Providence Hospitality; and Geri Flanagan, Development Manager, Accor Hotels, among many others. The Hotel & Hospitality Expo Africa will also spotlight new products and demonstrations in a dedicated area, adding to the interactive nature of the event.

Big 5 Egypt Impact Awards 2025 unveils 93 finalists, highlighting sustainability, innovation and leadership
Big 5 Egypt Impact Awards 2025 unveils 93 finalists, highlighting sustainability, innovation and leadership

Mid East Info

time29-04-2025

  • Business
  • Mid East Info

Big 5 Egypt Impact Awards 2025 unveils 93 finalists, highlighting sustainability, innovation and leadership

93 finalists across 18 categories to compete at the annual awards programme celebrating innovation, sustainable construction, leadership and infrastructure excellence in Egypt's built environment New award, Impact Leadership Team of the Year celebrates senior management teams driving impact for their businesses and the industry Awards ceremony to be held on 18 June 2025 at the Dusit Thani Lakeview Cairo, Egypt The excitement builds as the finalists for the 5th edition of Big 5 Egypt Impact Awards are announced, spotlighting outstanding achievements and transformational impact across Egypt's construction industry. Held alongside Big 5 Construct Egypt and organized by dmg events, the awards celebrate the companies, projects, initiatives, individuals and teams redefining industry standards and pushing boundaries in design, contracting, engineering, facilities management, infrastructure and sustainability. 'Big 5 Egypt Impact Awards continue to spotlight the exceptional calibre of talent, innovation and resilience within Egypt's construction ecosystem. With 74% of this year's finalists being new entrants, it's clear that fresh thinking and emerging players are increasingly shaping the future of the built environment, from sustainable initiatives to progressive infrastructure and visionary leadership,' said Josine Heijmans, Senior Vice President – Construction at dmg events . Taking place on 18 June 2025 at the Dusit Thani Lakeview in Cairo, the awards will honour winners across 18 diverse categories, including the newly introduced Impact Leadership Team of the Year, which recognizes the power of collaboration and strategic thinking behind Egypt's most transformative businesses. Finalists in this category include Engineering Consultants Group (ECG), Maadi Engineering and Contracting Company, Smart Vision and The Arab Contractors Company (Osman Ahmed Osman & Co.), whose internal collaboration continues to shape Egypt's construction narrative. Finalists at a glance A total number of 93 finalists have been shortlisted for their notable contributions in reshaping the future of Egypt's construction sector. New entrants to the awards programme this year include Administrative Capital for Urban Development (ACUD), TAQA Arabia, Galala University, Sabbour Consulting and CBRE Excellerate, among others, signalling the growing participation from both the public and private sectors. Among this year's standout contenders are some of Egypt's most impactful developments, including the Taha Hussein Bridge, South of Valley Development Project (Toshka), Egypt's pioneering and largest solar-powered desalination plant, the Greater Cairo Monorail and the New Magdi Yacoub Global Heart Centre. One of the categories, the Conservation & Heritage Initiative of the Year recognizes projects that preserve and celebrate Egypt's rich cultural legacy. This year's finalists include Hassan Allam Construction for the restoration of Al Salamlek Palace, Galala University for their Bazar Abbas project, NeuroArch for the redesign of the Goethe-Institut German Cultural Center in Alexandria and The Arab Contractors Company (Osman Ahmed Osman & Co.) for the Renovation and Development of Sayyida Zainab Mosque project. With Egypt's growing commitment to environmental responsibility and forward-thinking construction practices, the Sustainable Initiative of the Year shines a spotlight on the Housing and Building National Research Center's Green Social Housing Initiative, which promotes energy efficiency and affordability; PARAGON Developments' PARAGON.1, a commercial space designed to minimize environmental impact through smart architecture and materials; Schneider Electric for El-Menofeya Community Development; TAQA Arabia's Egypt's Pioneering and Largest Solar-Powered Desalination Plant; The Arab Contractors for Facility Management's (ACFM) Egyptian Health Sector Sustainability Initiative in Sinai; AMEA Power's Renovation of the Al Azhar Girls Institute; EDGE Advanced Certification for YANMU East Warehouse, which is the first EDGE Advanced Certified Warehouse in Egypt by Hassan Allam Holding. An independent judging process Big 5 Egypt Impact Awards continues to maintain its prestige through a rigorous, independent evaluation process conducted by an independent, international panel of industry experts including senior government officials, academic leaders and executives from international construction institutions, ensuring each entry is assessed on merit and excellence. Commenting on this year's awards, Eng. Ahmed Mohamed Soliman, Member of Board of Directors for Egyptian Engineers Syndicate, Deputy for Scientific Research, Council of Economic Unit and Big 5 Egypt Impact Awards' judge, said: 'Through Big 5 Egypt Impact Awards, we celebrate the trailblazers who are transforming Egypt's construction industry. It's a privilege to serve as a judge and experience firsthand the remarkable contributions of these individuals, projects and initiatives have on the sector, especially when advancing digital transformation, sustainable construction and infrastructure becomes increasingly critical but a top-most priority for Egypt's built environment.'

Dmg events' Design and Hospitality Shows strengthen Dubai's growing status as global-leading hub for innovation
Dmg events' Design and Hospitality Shows strengthen Dubai's growing status as global-leading hub for innovation

Zawya

time17-03-2025

  • Business
  • Zawya

Dmg events' Design and Hospitality Shows strengthen Dubai's growing status as global-leading hub for innovation

INDEX, The Hotel Show, and WORKSPACE reflect a combined heritage of more than 30 years, as over 30,000 industry visitors expected to attend trio of co-located shows from 27-29 May at the Dubai World Trade Centre. Dubai, UAE: Dubai is set to reinforce its standing as the Middle East's and Northern Africa's epicentre of interior design and hospitality this May when it hosts the region's most influential design and hospitality trade show event series. INDEX, The Hotel Show, and WORKSPACE– organized by dmg events – return to Dubai World Trade Centre (DWTC) from 27th-29th May, with their co-location ensuring an unparalleled platform for buyers from across MENA to connect with the world's biggest and most innovative brands. With a combined heritage of 30 years, the co-located shows unite the full spectrum of interior design, hospitality, and workspace innovation, reinforcing Dubai's role as the region's premier destination for architects, designers, hoteliers, F&B professionals, and industry leaders to connect for business. Combined, the shows will span 55,249 sqm, feature over 70 countries, and are expected to attract more than 33,000 industry visitors, including buyers from retail, hospitality, commercial real estate, and procurement. 'Dubai's transformation into a global design and hospitality hub is driven by visionary leadership, world-class infrastructure, and its strategic location,' said Elaine O'Connell, dmg events' Senior VP of Design and Hospitality. 'As a centre for business, trade, and innovation, it seamlessly connects industry leaders, creatives, and investors worldwide. The co-location of INDEX, The Hotel Show, and WORKSPACE offers a fully comprehensive design and hospitality ecosystem where professionals can source products, gain insights, and forge meaningful business connections. O'Connell added: 'With a carefully curated mix of new and established brands, emerging talent, and transformative solutions, these shows embody the energy and creativity that make Dubai the region's leading design capital and champion its fostering of innovation and ability to set new industry benchmarks.' For more than 30 years, INDEX has been the flagship event for the Middle East and North Africa's (MENA) interior design and fit-out industry. The event gathers thousands of industry leaders – including architects, designers, retailers, and distributors – to explore groundbreaking design solutions across key product sectors, including furniture, lighting, décor, kitchen and bathroom, smart home technologies, flooring and surfaces and more. The highly anticipated INDEX Design Talks will again serve as the industry's think tank, hosting debates and discussions that address the biggest trends and challenges shaping interior design. Meanwhile, more than 20 years of success has seen The Hotel Show evolve into the region's largest and longest-running hospitality trade event, connecting global suppliers with key buyers from across MENA. The event features an unmatched lineup of products spanning hotel technology, F&B services, textiles, wellness solutions, and cleaning innovations. This year, The Hotel Show will present three specialised conference tracks: HITEC – a powerhouse hospitality technology summit featuring next-gen innovations from industry leaders; The Hospitality Leadership and F&B Forum – a premier gathering of hoteliers and foodservice professionals shaping the industry's future; and The Engineering and Sustainability Summit – a vital platform for sustainable solutions in hospitality engineering. Attendees can also look forward to high-energy features such as The Chefs Table, where culinary teams battle for the coveted 'Hotel Culinary Team of the Year' title, and the exciting return of the Housekeepers' Challenge. This year on the show floor will be a dedicated VIP lounge for hosted buyers and VIP's invited to the event from across the hospitality and interiors industry. WORKSPACE, celebrating its 22nd edition, is the Middle East's foremost platform for workspace design, office interiors, and workplace technology. With businesses across the region prioritising well-being, hybrid working, and technological advancement, WORKSPACE will showcase the latest solutions shaping the modern work environment. The WORKSPACE Summit will gather visionaries to explore trends such as AI integration, remote collaboration tools, and wellness-focused design concepts. O'Connell concludes: 'Beyond showcasing groundbreaking products and trends, our free-to-attend conferences—endorsed by the globally recognised CPD Certification Service—offer unparalleled access to expert knowledge, industry foresight, and accredited learning opportunities. This ensures that attendees not only stay ahead of the curve but also gain valuable credentials to elevate their professional standing in an ever-evolving global market.' About dmg events dmg events is a leading organizer of face-to-face events and publisher of trade magazines and information services. Our aim is to create dynamic marketplaces to connect businesses with the right communities to accelerate their growth in today's rapidly evolving landscape. With a presence in over 25 countries and organizing more than 80 events each year, dmg events is a global leader in the industry. Attracting over 425,000 attendees and delegates annually, we organize events in the construction, hospitality, interiors & amp; design, energy, coatings, entertainment, and transportation sectors. To better serve our customers, dmg events has offices in 10 countries, including Saudi Arabia, the UAE, Egypt, South Africa, the UK, Canada, and Singapore. By being on the ground, we can better understand market needs and nurture relationships to create unforgettable experiences for our attendees. Our flagship events including the Big 5 Global, The Hotel Show, INDEX, ADIPEC and Gastech. For more information visit Founded in 1989, dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT,

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