The hotel sector in Ghana has remained resilient despite recent global economic challenges. Following the collapse in the oil price and that of other commodities, the government has taken steps to diversify the economy, including promoting the hospitality and tourism sector.
These are some of the highlights from PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ report.
Ghana’s hospitality industry grew 1.2% from 2015 to 2016.
The World Travel & Tourism Council (WTTC) expects Ghana’s tourism industry to expand by 5.6% in 2016 and maintain an annual growth rate of 5.1% per annum from 2017 through to 2027.
A number of internationally-branded hotels are based in Accra. As at May 2017, there were 2, 723 hotels and lodges in Ghana.
This is expected to increase the number of business travellers to the country as the government embarks on a number of initiatives to stimulate economic growth.
The government is also making improvements in transport infrastructure, with the construction of a third terminal at Accra’s Kotoka International Airport and allocation of funds for the repair of roads to popular tourist destinations.
The hotel industry is expected to grow 1.1% in 2017, 2.1% in 2018 and 2.3% in 2019. “Having regard to the investment by foreign investors in the industry through the establishment of high-rated hotels, and an increasing number of tourists and business travellers, it is expected that there will be continuous growth in the industry,” Calicchio said.
Source: My Joy Online
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