Duet Group is partnering with Bouygues Batiment International, a subsidiary of the Bouygues Construction Group, to develop hotels in sub-Saharan Africa.
Duet and Bouygues Batiment International believe there is a significant opportunity today to enter the hotel sector in sub-Saharan Africa given the region's sustained economic growth (>5% GDP growth per annum), the current favorable hotel demand-supply imbalance and the high barriers to entry.The presence of large consumer markets combined with the abundance of natural resources, increases in intra-Africa trade and improving intra-Africa connectivity will continue to support growth in business travel. Currently there are only an estimated 84,000 branded hotel rooms in Africa with the majority in North Africa and South Africa. Moreover, hotels in the pipeline are typically subject to long gestation periods due to funding issues and poor execution capabilities with 62% of the hotel rooms reported to open in 2015 not yet on site.
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- Abidjan, the gateway to West Africa
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