Accra, the capital of Ghana, has become one of the fastest-growing cities in Africa. According to HVS London, the city is receiving considerable interest from the hotel investment market⎯⎯with many of the large global brands vying to open properties there in the coming years.
Investors are attracted to the city because of its growing economy, political stability, and investment climate. From 1998 to 2011, the hotel supply in Ghana grew by eight percent. While the market is still populated by local brands such as African Regent Hotel, Fiesta Royal, and Labadi Beach Resort, it is now becoming a development hot spot for large international chains looking to expand in Africa. International brands currently operating in the market include Mövenpick, Holiday Inn, Novotel, and Best Western.
RevPAR for a sample of upscale hotels in Accra recorded continuous growth from 2009 to 2012 and showed little impact from the global economic recession. The rise in RevPAR is attributable mainly to hoteliers pushing ahead of occupancy, as demand in the market remained high.

“We consider Accra to be an important emerging market within Africa, with much potential,” says report co-author Veronica Waldthausen, an associate with HVS London. “The country is set to become one of the leading tourist markets on the continent, given its strategic geographical location, political stability, expanding economy, growing infrastructure, and diverse tourist attractions.”
