With intent to do business differently within the booming local hospitality industry, a new brand name hotel has opened-up shop in a section of Bole known for affordable restaurants and lounges rather than an all-purposeInternational Hotel.
Two years afterthe decree of the first State of Emergencies (SoE) in 2016, both local and global brand hotels are gradually regaining their pre-SoE markets, said Addis Ababa Hotel Owners Association this week.
The annual report, which features hotel projects across major destinations globally, has named Ethiopia as the third most evolving market of the hospitality industry with a growing number of hotel projects in the pipeline this year.
With Turkish investment and influence on the rise, Ethiopia is set to have a Turkish brand name hotel in the capital by 2020. This also complements a furnishing brand the Turkish based Serdur Group plans to introduce in the nation at the same time.
After being given its final order to vacate a property it had occupied for more than 40 years in February by the Federal Housing Corporation in Bole, Sangam Restaurant, the iconic Indian restaurant is set to move to a new location, inside De Leopol International Hotel, behind Bambis Supermarket.
Cautioned to refrain from jacking up prices
More than 130 hotels at three-star level and above have been identified and given orientation to give priority to delegates coming here to attend the 30th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU), slated to take place between January 22nd and 30th The Reporter has learnt.