Hospitality business in Ethiopia

The 12+ storey building Getu Gelete has constructed at a cost of $25 million is now glamorously branded RAMADA Addis and has been open for business for several months.

Addis Ababa, Ethiopia (January 5, 2017) – The third diplomatic city in the world has been credited as one of the top and most preferred African destinations for hosting conferences. This is mainly because the city is a host for regional and international organizations such as the African Union and the UN Economic Commission for Africa and over a hundred embassies.

As a result, conference tourism has become one of the major revenue generators for Addis Ababa, Ethiopia’s capital and one of the highest cities on earth sitting at an altitude of well over 2000 metres.

Reports show the city administration has lately been investing a lot in improving infrastructures. On the other hand, the private sector has been investing heavily in services sector; a significant share of this goes to building hotels that can accommodate the ever increasing number of visitors to the city.

Growing by 10% on average, a total of 910,000 tourists have visited Ethiopia in 2015/16 fiscal year generating $3.4 billion dollars for the country, according to the Ministry of Culture and Tourism. Almost of all of these tourists have to pass through Addis before they go to their specific destinations across Ethiopia.


Share this on:

Be the first to comment

Leave a Reply

Your email address will not be published.



This site uses Akismet to reduce spam. Learn how your comment data is processed.