The availability of high end hotel rooms within Nairobi is about to shoot up as local plus international hotel properties intend to go into the market between this year and 2014.
There are numerous forthcoming hotel developments today, with additional investments anticipated as the quantity of tourists coming into the city keep increasing. The rising quantity of visitors could be the key driver for the demand of accommodation plus conference facilities that is anticipated to improve more in the future years. HVS London – an international hospitality services consultancy said that A number of international hotel chains are anticipated to join the market the following years since the number of vacationers visiting Nairobi keep increasing. There are a minimum of 8 hotels yet to be completed in Nairobi between 2012’s third quarter and 2014.
In accordance with W Hospitality Group, a consultancy based in Lagos, Nairobi is experiencing a lot more activity in comparison to the past years. The firm, in hotel-pipeline research, states that a 200 room Lansmore Hotel – a brand new for Lonrho- is on the drawing-board for Nairobi. Some of the very new Hotel properties built include the high end 200 room Kempinski Nairobi, found at Chiromo, ehich was put together by Simba Colt Motors.
The mid-range hotel market was joined by the 96 room Best Western found in Hurlingham ; the 126 room Park Inn (developed by Radisson) in Upper Hill believed to open its doors this very year 2013; as well as the 128 room Leisure Park Hotel found in Arboretum believed to open its doors in 2014. Radisson Blu Hotel a 244 room found in Upper Hill believed to open this very year open in 2013 plus the 52 room Serena expansion in Nairobi to open in 2014 will all service the high end market.
An additional 98 room 14 Riverside Hotel found along Riverside Drive that is under construction is categorized as boutique that opened at the end of 2012. Forthcoming is the Three Cities Hotel, a unique South African hotel type. In accordance to the research carried out by HVS, The present total room number in the high end hotel market is approximately 5,000 with latest additions which include 271 rooms that opened back in 2009, the 421 rooms opened in 2010 as well as the 70 rooms that opened in 2011.
Availability of rooms in the high end market is anticipated to grow in the next couple of years however with limited effect on occupancy levels plus average rate progression. Sophie Perret together with Lucy Payne and in the HVS hotel market overview for Nairobi said that they are aware of an excess of 1,100 rooms that are planned to join this market before the end of 2013.
Additional hotel properties expected will add up to this supply, include the 150 room Boma Hotel by the Red Court, the 172 room Eka Hotel as well as the 172 room Eastland Hotel however these are not in the high end category. The World Bank in the June economic update stated that the trade in services of Kenya has undergone growth, credited partially to improved commercial existence of service suppliers coming from other nations through ownership or even lease of properties for instance hotel chains.
Kenyan Government endeavors to increase bed capacity appears to bear some fruit since one of the 3 particular goals for the year 2012 in the 2030 Vision is to improve hotel beds to a minimum of 65,000 from 40,000. The government meant to renovate business-visitor providing by attracting luxurious worldwide hotel chains into Kenya. The number of bed-nights within Nairobi elevated by a compound yearly growth rate of 6.1% in the 10 years to 2010 with Italy, UK and US being the primary source market. Arrivals from these different markets increased by 10 , 17 and 11% respectively in the year 2011.
the arrivals from China plus India increased substantially by 24 % as well as 31% respectively in the year 2011, partly as a consequence of huge construction projects for instance roads that where being carried out by Chinese companies. The HVS report stated that Conference is among the most speedily increasing sub-sectors within Nairobi, and the whole of Kenya. Leisure tourism is nonetheless being affected by the kidnappings taking place on the beaches of Kenya, as source markets offer travel advice to all their citizens from going to some parts of Kenya.