Tag: Hospitality
Central Bank approves another stimulus package for Hospitality Sector
The National Bank of Ethiopia (NBE) approved a new financial stimulus package for the hospitality sector in response to the Coronavirus pandemic that has disrupted the tourism sector for almost a year.
Hotels to reopen for business
Most of the hotels in Addis Ababa and regional towns, which were out of business in the past six months due to COVID-19, are reopening their doors for business. With the exception of those serving as quarantine centers, most hotels were closed for renovation in the past several months.
Haile poised to build a 1 bln birr resort in Gorgora
Haile Hotels and Resorts, the hotel chain owned by the athletics legend, Haile Gebreselassie, disclosed its plan to develop a world class resort in the lakeshore of Tana, Gorgora locality at a cost of more than one billion birr, it was learnt.
Hospitality Group finds international arrivals to Ethiopia decline by 35 percent
The US-based JLL Hotels and Hospitality Group reported that Ethiopia has seen a significant decline in tourism arrivals over the past four year, with the first quarter of this year exhibiting a further 35.5 percent decrease.
Hospitality, tourism sectors land 3.3 bln bailout fund
In the midst of cascading events the novel coronavirus pandemic has unleashed, the hospitality and tourism sectors, one of the hardest hit sectors, has been granted a 3.3 billion birr short term financing bailout to aid in working capital shortages and salaries.