The Frasers Hospitality Group is currently eyeing building more properties around the world as it is expanding new properties in Africa. Frasers Hospitality Group is known for its luxurious serviced apartments and hotel residences, which have gained several prestigious awards in the past few years.
Meanwhile, new properties in Congo and Nigeria will mark Frasers Hospitality Group’s initial expansion into the African market. The growth potential of some areas in Africa is promising, thus an essential aid to the group’s growth strategy.
“Africa is one of the significant growth markets in our global expansion plans. As the region continue to emerge as a business hub, our properties in key cities will be well positioned to cater to the needs of travelers,” said Choe Peng Sum, Chief Executive Officer of Frasers Hospitality Group, in a recent statement to Travelers Today.
Meanwhile, business spending in Africa is expected to grow from $2.6 trillion in 2015 to $3.5 trillion by 2025, which is likely to see an increase in business travel to the region. “We are targeting key business centers such as Nigeria’s capital Abuja and Africa’s largest city, and we look forward to expanding our footprint in the region in the coming years.