Hyatt's ambitious African expansion plan
Hyatt Hotels & Resorts has announced that it intends to open six new hotels in Africa by 2020, creating approximately 2,100 jobs in the process.
Pictured: Patrick Grismer, Hyatt CFO
The hospitality company will open its first hotels in Algeria, Cameroon, Ethiopia, and Senegal, along with hotels in two countries where it already has a presence - Morocco and Tanzania. This will double its presence in Africa.
According to a statement released by the company, it has been looking for more opportunities to expand in East Africa, given the continued government investment in infrastructure, the expanding middle class, and a growing international recognition of the region's stability.
Other countires where it has eyed possible future expansion include Ghana, Ivory Coast, Kenya, Mozambique, Rwanda, and Uganda, the company said.