Court proceedings of TPLF higher officals

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Zehabesha News - Tesfalem Yehedego - Tewelde Gebrestadik - Zehabesha TPLF Court proceedings of TPLF higher officals According to the report, these events have provided tailwinds that are expected to benefit the hotel sector, in particular. “With domestic tourism likely to recover first following the pandemic, Ethiopia should tap into the domestic and regional market as a short-term solution to revive its tourism industry. With poor hotel infrastructure in major tourism destinations throughout the country, there are opportunities to develop hotels and lodges in these areas to attract domestic and international travelers,” commented David Desta, Associate, JLL Hotels and Hospitality group. The report highlights that Addis Ababa will likely see an increase in corporate, NGO and diplomatic demand over the next few years. Ethiopia currently has upward of 21 internationally branded hotels under development which in theory could add around 4,300 rooms. “The impact of the pandemic in Addis Ababa has seen 88% of hotels either full or partially closed and the market will take some time to recover. The opening up of the economy represents the most significant opportunity to fuel this recovery, as this would increase the number of multinationals that are based in the country, and in doing so increase hotel demand,” says Wayne Godwin, Head of Hotel Advisory, JLL Hotels & Hospitality Group.

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