TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

New Zanzibar Market Report From C9 Hotelworks Highlights Surge In Tourism Demand

Category: Hotels|Tourism, Posted:10 Sep 2024 | 14:41 pm

Zanzibar’s tourism industry is experiencing a remarkable resurgence, having successfully surpassed pre-pandemic visitor numbers since 2022 according to a new report by C9 Hotelworks. In 2023, the island welcomed over 638,444 visitors from around the globe, marking a significant recovery. Projections for 2024 indicate a further 9% growth, with January to May arrivals reaching 255,408 compared to 234,444 during the same period in 2023.

The government’s comprehensive development plan for 2021-2026 aims to enhance Zanzibar’s infrastructure and economy, bolstering the tourism sector. A key milestone is the opening of the new Terminal 3 at Abeid Amani Karume International Airport, which now can accommodate up to 1.3 million passengers annually. This strategic initiative underscores Zanzibar’s commitment to becoming a global travel destination.

The majority of visitors to Zanzibar in May 2024 stayed for  8 days, with 94.4% citing holidays as their primary reason for visiting. Hotel demand in Zanzibar varies seasonally, with an average occupancy rate of 62% in 2023. The market is predominantly driven by European travelers, who account for nearly 60% of the total arrivals by sea and plane.

The hotel pipeline indicates improved economic stability, with international hotel chains signing with five new properties including Anantara, Four Seasons, and Canopy by Hilton, primarily in the luxury and upper upscale segments. The number of hotels in the pipeline has doubled this year, signaling a positive outlook for the tourism industry. The introduction of these diverse, high-end properties is poised to attract a broader range of tourists, further enhancing Zanzibar’s appeal.

To download the full Zanzibar Hotel Market Update 2024 CLICK

Other News

Read more

C9 Hotelworks New Thailand Branded Residences Report Released

Category: Hotels|Real estate, Posted:21 Sep 2024 | 09:19 am In 2020, Aman Nai Lert Bangkok established a new standard for ultra-luxury branded residences positioning itself as the best-in-market product at the time. Today, the Porsche Design Tower Bangkok, developed in partnership with Ananda Development, has pushed those boundaries further, surpassing THB1 million (just over USD33,000) per square meter. This landmark project not only raises […]
Read more

Phuket’s Hilton Garden Inn Transacts to TriO Capital

Category: Hotels, Posted:13 Sep 2024 | 12:58 pm The 177-room Hilton Garden Inn Phuket, Bang Tao has traded to private equity group TriO Capital. Operating under a franchise agreement with Hilton, the hotel opened in late 2021 and had been owned and operated under GCP Hospitality. A strategic plan for a design and development upgrade under TriQ will kick off at the end […]
Read more

South Korea Tops Asia’s Branded Residences Pricing Premiums In C9 Hotelworks Latest Report

Category: Hotels|Real estate, Posted:11 Sep 2024 | 10:17 am South Korea’s luxury real estate market has evolved significantly, transitioning from traditional residential properties to innovative branded residences. The trend began in 2008 when The Ananti Hotel introduced a pioneering co-ownership model, targeting affluent buyers seeking luxury vacation homes and social prestige. This success spurred other domestic brands like Lotte and Hanhwa Resorts to follow […]
SiaJai logo

Thailand's Leading Homecare Marketplace