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Article Source: HNN
Sun International has announced plans to acquire 100% of the Peermont Group, while the two groups have reached an agreement to settle Peermont’s objection to Sun International’s Menlyn Maine project in Tshwane.
The acquisition is still subject to regulatory approvals, which may take between nine and 12 months.
“Peermont has a number of complementary attributes that will enhance our group,” said Sun International Chief Executive Graeme Stephens. “These include the fact that Peermont has established and well-maintained assets and infrastructure, particularly Emperors Palace, which also has extensive hotel and conference facilities. He added that Peermont’s portfolio also has high margins and an experienced management team.
“Sun International remains committed to its strategy of diversifying the Group’s portfolio to increase exposure to offshore opportunities, in particular Latin America. While the Peermont portfolio of assets will initially increase the proportion of the combined business that arises in Southern Africa, it also opens the possibility of further restructuring of local assets, with a medium term objective of creating a portfolio of fewer, larger, quality assets,” said Stephens.
Peermont Group CEO Anthony Puttergill said: “The proposed transaction is a positive development for Peermont and supports the momentum that we have built during the past few years. We believe that a number of strong growth opportunities can be unlocked by being part of a larger and well-resourced Group.”
Article Source: Tourism Update
A new survey on local, regional and international travel based on a 2014 bookings by Jovago reveals that Nigeria is the dominating African tourist customer of Kenya while the United Kingdom takes lead in international bookings destined for Kenya.
As the results indicate, with the new wave of development in infrastructure, introduction of new tourism products besides the traditional safari and culture and emergence of new attractions, Kenya is in no doubt aiming for the prize when it comes to Tourism in Africa.
The Kenyan Tourism Industry maintains the stand as the principal source of foreign exchange as well as one of the main social economic hub, contributing to more than the global Average at 12.1 percent (WTTC 2013).
Capital city Nairobi stands undoubtedly as a major business hub as most of the domestic travellers – a whopping 79 percent – originate from there. Mombasa had 6 percent of travellers heading for Kenyan destinations while Eldoret takes 3 percent. The other cities spread across Kenya registered a combined 12 percent.
Unsurprisingly, Nairobi is the most popular destination for domestic travellers taking in 25 percent of the total in-bound bookings, Naivasha is also a preferred destination as 21 percent of the travellers go there. Mombasa and Eldoret are also respectively popular destinations amongst other cities across Kenya.
Our survey shows that the bulk of international travellers to Kenya are from the Nigeria closely followed by the United Kingdom. Travellers from the United States and France rank 3rd and 4th respectively and Uganda comes in 5th.
On the other hand, the most popular destinations for Kenyans are The Netherlands, closely followed by United Arab Emirates. South Africa and the United Kingdom come in 3rd and 4th place respectively and Belgium comes in 5th!
Most Remote Booking
The most remote bookings made to hotels in Kenya spanned from across the world. The Nordic island of Iceland was one of the locations from which bookings to Kenya were made! Remote bookings were also made from Georgia, Afghanistan and Australia but the farthest in air miles was from Melbourne, Australia (11507 kilometers).
Most Visited Countries in East Africa
Kenya and Tanzania top this list closely followed by Ethiopia, Uganda and Rwanda.
Article Source: Ventures Africa
Hotel chain Sun International on Friday announced plans to take over casino resort group Peermont for nearly R9.5bn ($775m).
To fund the acquisition, Sun International intends to roll over nearly R3.9bn of Peermont’s senior debt while taking on a fresh facility of about R575m, it said in a filing to regulators.
In addition, it plans to issue 10.5 million shares of R120 each of Sun International stock to Peermont shareholders and a rights offer for a further R3.75bn.
Sun International said it would explore disposal of some small Peermont assets after closing the transaction. Should a deal to sell any before to the transaction’s close be reached, then Sun International’s funding requirement will be reduced, it said.
Peermont has 13 properties in Botswana and South Africa, including Johannesburg’s Emperors Palace.
Sun International’s medium-term objective is to create a group with fewer, larger, quality assets, it said.
Article Source: News24
First Tourist Board Responsible Tourism League Table published: The best ranked national tourist boards were Bhutan, South Africa, Sweden and England.
Responsible Travel has published the first league table of tourist boards* graded by commitment to responsible tourism as published on their websites, and asks whether more should be done to ensure tax payers’ money is being used to promote local over global initiatives.
The national tourist board websites of Responsible Travel’s top 50 selling countries were examined and six questions were asked, relating to tourists boards’ vision, policies and activity in responsible and sustainable tourism:
- Is there any mention anywhere of responsible or sustainable tourism?
- Does responsible or sustainable tourism feature in their vision/mission?
- Do they have any specific policies for responsible or sustainable tourism?
- Do they have evidence based reports on any achievements in responsible or sustainable tourism?
- Do they identify holidays on their site that have been screened or audited for responsible tourism?
- Do they provide any educational information or tips for tourists about responsible tourism?
Tourist boards could score a maximum of 6 points (all covered) and a minimum of 0. Seven tourist boards scored 0 – China, Finland, Ethiopia, Vietnam, France, Japan and the USA, meaning they had no reference to responsible or sustainable tourism anywhere on their sites. They have no published policies; no evidence of any achievement and provide no information for tourists. Bhutan, South Africa and Sweden all scored 6 points.
Commenting on the results, Responsible Travel CEO Justin Francis said:
“We are very surprised that so many tourist boards’ vision statements include no or little reference to sustainability; and by how many have no published responsible tourism policies or activities.
“We think that serious questions should be asked of the tourist boards at the bottom of our league table. Their tax-payers’ money is potentially being spent developing and promoting tourism with no regard to whether it’s contributing to creating local jobs or expat jobs; whether they source locally to support local suppliers/producers or source from global markets; or whether they contribute to sustaining natural and cultural heritage or to destroying it.
“In many cases around the world we think responsibility in tourism is being achieved despite the tourist board not because of it. South Africa is a real exception. They have national and local strategies for responsible tourism enshrined in law and policy and with real programs of work to deliver it, although delivery is still patchy. Without any clearly visible published policies for responsible tourism we cannot be sure tourist boards have any way to manage tourism for the benefit of local communities. In other destinations there are excellent examples of highly responsible local businesses, yet their hard work and commitment is not reflected in their tourist boards communications. Our research looks at the tourist board’s ability to communicate policies and action around responsible tourism – not local businesses.”
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Article Source: www.responsibletravel.com