Rwanda to host Africa Hotel Investment Forum in 2016
The Government of Rwanda through the Rwanda Development Board, will host the Africa Hotel Investment Forum (AHIF) in 2016 in Kigali. AHIF brings together the leading international hotel investors in Africa with local operators, ministers, government officials and industry experts, to discuss all aspects of hotel investment and operation in Africa.
The decision to host AHIF in Kigali underlines a clear strategy by the Government of Rwanda to attract investment in the tourism sector. Ambassador Yamina Karitanyi, Chief Tourism Officer at the Rwanda Development Board, said: "We see AHIF as an excellent platform to meet many of the most important decision makers and investors, who have the power collectively to influence investment in the hospitality industry in Africa. We are determined to build relationships and showcase Rwanda as the right place to do business and therefore we believe that hosting the event will create an opportunity for local hotel developers to forge partnerships with investors."
In signing the agreement to bring AHIF 2016 to Kigali, all parties committed to pursuing five goals, which include:
· Supporting hotel and infrastructure development within Rwanda and across Africa
· Promoting Africa to the international hotel investor and operator community
· Educating the hotel investment community about the tourism potential of Africa
· Facilitating networking between African stakeholders and the international community
· Supporting Rwanda's ambition for growth through travel & tourism
In Africa as a whole, Travel & Tourism is seen as a highly attractive growth industry. According to the World Travel & Tourism Council (WTTC), it is responsible for 8.1% of GDP and it is forecast to rise at 4.9% per annum until 2025.
Similarly, Rwanda's tourism sector continues to grow positioning itself as the leading foreign earner for the country. For the financial year 2013 to 2014, the sector registered a three per cent increase in the number of visitors to Rwanda. These numbers grew from 1.14million visitors to 1.2 million visitors also accounting for an increase in revenue from $293.4m in 2013 to $303m in 2014.
In Rwanda, leisure has been a major driver of Rwanda's tourism industry. Currently, the country is focusing on Meetings Incentives Conference and Exhibitions/Events (MICE) tourism, capitalising on safety, developed infrastructure, accessibility and new entrants in the hotel industry such as the Marriott, Radisson Blu, Radisson by Park Inn, Sheraton, Golden Tulip, Kempisnki and Zinc, amongst others. Hosting the AHIF will no doubt contribute growth of Rwanda as a leading MICE destination in the region. Later this year, Rwanda will host Interpol AGM, World Economic Forum on Africa in 2016 as well as Africa Union Summit in 2016.
By moving to a different African city every couple of years, AHIF will help to showcase high-growth destinations across the continent as a whole. Jonathan Worsley, Chairman of Bench Events concluded: "The African economic growth story is becoming well-known. At around 5% per annum, it is a multiple of developed economies and that is appealing to the international business community."
In 2014, the event took place in Addis Ababa and attracted over 500 participants from more than 40 countries who represented over 400 companies. AHIF '15 will again take place in Addis, at the Sheraton hotel on 30th September – 1st October, where the number of delegates is expected to increase substantially on last year.
Several networking contacts made at AHIF have since resulted in promising new business relationships and the event attracted considerable media attention, with around a hundred reporters in attendance from major local and international news organisations.