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Nairobi is the leading hotel market in East Africa and the third largest is Sub-Saharan Africa in terms of overall demand and has a diverse market mix including international, regional and domestic business travel, a strong NGO sector, as well as a significant contribution from leisure travel. Nairobi has firmly positioned itself as the preferred regional corporate headquarter location in East Africa, which will continue to drive strong demand from business travellers. JLL forecasts this demand to continue to grow at 7% - 9% per annum over the coming five years, yet this will depend on a stable security environment and may not be high enough to soak up additional supply coming into the market.
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04 April 2016