Hotel developments to lead the way for growth in African tourism

A number of the world’s largest hotel chains are betting on Africa being their next big investment opportunity. Africa’s tourism sector is already on a momentous upwards slope and this is the obvious trend that has caught the attention of some of the world’s most renowned hotel names, such as, The Hilton, Fairmont and the Jumeirah group. Starwood, Marriot and the Four Seasons have also publically stated they intend on investing heavily across North, South and Central Africa in the five-years between now and 2021 that experts predict will be one of the largest periods of hotel growth in the continent’s history.
Foreign Direct Investment (FDI) in Africa is currently rising at an astronomical rate; last year, the global growth rate of FDI was 1%, whereas in Africa they experienced a 7% growth. Paul Frimpong, Investor Analyst at international business facilitation experts Naseba, said: “The enormous potential of the African continent cannot be emphasized enough. Africa is the fastest growing region for FDIs in the world. Aggregate household consumption will reach $1.4 trillion with collective GDP hitting $2.6 trillion in 2020 alone. These facts show that with the understanding of the growth momentum, combined with the right strategies, presents handsome rewards for current and prospective investors in the region.”

Not only does the hotel boom in Africa provide more opportunity for the tourism industry but it also presents an abundance of opportunity for the continents architects, interior designers, real estate developers, buyers and engineers working on not only hospitality, but retail, commercial and residential developments.

 

“CLOSER THAN WE THINK”

In the 50’s and early 60’s, there was a wonderful newspaper series, “Closer Than We Think”, drawn by Arthur Radebaugh. In 1958, he predicted that we would soon be driving solar powered electric cars. And also, look at the impact of the electric car and how it will cause the next oil crisis.   

For years, everyone has worried about Peak Oil, where it was assumed that the cost of oil production would keep going up and up until nobody could afford it anymore. Then fracking and oil sands and deepwater drilling brought new supplies on stream and we got an oil price crash instead. Tom Randall, a Bloomberg’s writer predicts that the electric car will cause the next oil crisis. They don’t have to take over the entire market to do so; just enough to tip supply up over demand like fracking did.electricCAR2

“With all good technologies, there comes a time when buying the alternative no longer makes sense. Think smartphones in the past decade, color TVs in the 1970s, or even gasoline cars in the early 20th century. Predicting the timing of these shifts is difficult, but when it happens, the whole world changes. It looks like the 2020’s will be the decade of the electric cars”.

They predict that “By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts.” Extrapolating from last year’s growth rate (and Tesla’s forecasts), they calculate that by 2023 electric cars could displace 2 million barrels of oil per day. That’s how much new production came on-stream and caused the 2014 oil crisis that continues to glut the world in cheap oil. Others (including oil companies) predict a much slower take-up of electric cars, which would delay the crisis. But it does seem inevitable.

electricCAR

They also point out some other benefits

Electric cars will reduce the cost of battery electricCAR3storage and help store intermittent sun and wind power. In the move toward a cleaner grid, electric vehicles and renewable power create a mutually beneficial circle of demand.

Of course if they are right, then a lot of countries are placing some sketchy bets on pipelines and oil infrastructure.

Source: http://www.treehugger.com/ (Lloyd Alter) 

There’s a lot of advantage using electrical cars, especially the fact that they don’t cause any pollution and it’s free energy! You can be green too and save the world! 

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