ethiopia targets massive boom in tourist arrivals _ east & horn africa

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  • 3/30/2016 Ethiopia targets massive boom in tourist arrivals | East & Horn Africa

    http://www.theafricareport.com/East-Horn-Africa/ethiopia-targets-massive-boom-in-tourist-arrivals.html 1/3

    NEWS EAST&HORNAFRICA ETHIOPIATARGETSMASSIVEBOOMINTOURISTARRIVALS WED, 30 MAR 2016

    FILEPHOTOREUTERS

    Thissectorwillgenerateforeigndirectinvestmentandforeign

    currencyandcreatejobopportunities

    PostedonMonday,05October201511:20

    Ethiopiatargetsmassiveboomintouristarrivals

    Ethiopia aims to triple itsnumber of foreign visitors tomorethan2.5millionby2020,makingtourismapillarofoneof Africa's fastestgrowingeconomies.

    Buoyed by huge spending oninfrastructure and an expansion ofitsservicesandagriculturalsectors,Addis Ababa expects annualeconomic growth of around 11percentforthenextfiveyears.

    ThoughlackingthepalmfringedbeachesandsafaritrailsofneighbouringKenyaandTanzania,theHornof Africa country boasts magnificent terrain and afascinatingimperialpast.

    Visitor numbers have risen at least 10 percent ayear for the past decade, albeit from a very lowbase.

    Morethan750,000touristscameduringfiscalyear2014/2015,generating$2.9billionfortheeconomy,saidCultureandTourismMinisterAminAbdulkadir.

    "Thereisalotofdemandintermsofbookingsandinvestmentplans.Ourtargetistoreceivemorethan2.5millioninfiveyearstime,"hetoldReutersinaninterview.

    "Thissectorwillgenerate foreigndirect investmentand foreigncurrencyandcreate jobopportunities,aswellascontributetoimagebuilding."

    HiltonWorldwideHoldingssignedamanagementdealonWednesdaytoopenitsfirsthotelinEthiopiainmorethanfourdecades,whilesubSaharanAfrica'sfirstMarriottbrandedservicedapartmentshavealsobeenunveiledinthecapital.

    Sheraton,RadissonandGoldenTulipareamongahandfulofglobalgroupsalreadyoperating,andU.S.chainBestWesternInternationalInc,France'sAccorHotelsandRamadasaytheyarealsoworkingonnewprojects.

    Ethiopia'stargetfor2020looksmodest,however,incomparisontothatofEgypt,where9.9milliontouristsvisitedlastyear.

    "Weareapeacefulandstablecountry.Plus,wehavetherightpoliciesandstrategies,"saidAmin."Itwillnotbelongbeforewereachthelevelsofourneighbours."

    Tags:Ethiopia Hotels Infrastructure Tourism

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  • 3/30/2016 Ethiopia targets massive boom in tourist arrivals | East & Horn Africa

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  • 3/30/2016 Ethiopia targets massive boom in tourist arrivals | East & Horn Africa

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