Market Report: Guinea
By on February 28, 2017
Béatrice Montagnier, of Horwath HTL in West and Central Africa has written her latest Market Report and focused on Guinea and Conakry.
Extract of our Market Report: Guinea
Guinea has witnessed a boom in the hotel sector, supported by the mining industry. These hotel developments are mainly concentrated in the capital, Conakry. Guinea was severely hit by the Ebola outbreak in 2014 and experienced a dramatic slowdown in the economy. After two difficult years, the country seems to be gradually recovering.
Over the last 5 years, we have witnessed significant changes in the market, with the opening of renovated hotels and a 4* international hotel. The long-term outlook remains positive and Guinea, despite the crisis, has a significant pipeline of hotel projects.