One of the world’s leading real estate investment and advisory firms, released its overview of the Hotel industry in Ethiopia. The report examines the factors that make Ethiopia a unique tourist destination as well as the impact of COVID-19 on tourism in the region.
As of March 2020, international arrivals in Ethiopia decreased by 35.5% year-on-year to 118,950 mainly due to decreased flights, as well as cancellations by Ethiopian Airlines, which flies to over 80 destinations worldwide from Addis Ababa. According to the report, the country’s tourism sector shows tremendous potential for growth given it is home to nine world heritage sites, as well as government measures to improve the investment landscape. This includes relaxed visa policies, enabling nationals as well as residents from the African Union to obtain visa’s on arrival, which saw the Africa Visa Index go up by 32 places to secure a top 20 position in 2019.