Albania, Tanzania, Indonesia, Egypt, and El Salvador have been named the most-improved emerging economies for enabling travel and tourism development since 2019. Here are some insights.
Nigeria has the largest economy in Africa, and perhaps its most prominent hospitality player is Transcorp Hotels. While relatively small, the brand is watched with interest because of its expansion plans.
Travel agencies, lodging providers and booking sites must have clarity in their presentation of sustainability information to address the needs of the environmentally friendly traveler.
A pioneering female-focused private equity fund has backed a management buyout at Johannesburg's Club Travel Corporate, and it’s a sign of more things to come across Africa, according to its CEO.
It's still unknown how the new-ish CEO of Transcorp Hotels, Dupe Olusola, intends to adjust the shape of the business. Perhaps she'll draw a clearer division between its operating and property parts. The brand's Aura marketplace suggests she has an interest in asset-light experiments.
As conspicuous consumption takes off among the rich in Nigeria, the high spending tourists are increasingly becoming lucrative to attract for other economies, including in UK where they are the fourth biggest spenders.