12 °c
London
Monday, March 27, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

COVID-19 pandemic affects hotel industry in Angola

Staff by Staff
April 10, 2020
in Africa, Angola, Coronavirus, Economy, Health, Industry, Tourism
Reading Time: 2 mins read
913 69
0
The menace of Africa’s ‘disproportionate’ interest rates
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Some hotels in Luanda have already started to make staff redundant while others are considering the same measure, as the occupancy rate is currently less than 10% and there are no company meetings in any of them, according to a survey by Jornal de Angola.

Hotel Diamante, in downtown Luanda, saw its occupancy drop sharply from 20% to 7.0% in March, with financial losses of over 30 million kwanzas, according to its managing director, António Simão, who said that of a total of 147 rooms, including suites, only 12 were occupied.

The sharp drop in accommodation services, said the hospitality manager, is in addition to the closure of spaces for business events, such as conferences, wedding, birthday and baptism celebrations, which make a big contribution to revenues.

At the President, another four-star hotel located in downtown Luanda, the situation in no different.

Just like Hotel Diamante, the occupancy rate, that even before the COVID-19 crisis, stood at 50%, fell to around 7.0%, according to its managing director.

With financial losses calculated at more than 200 million kwanzas, in March alone, Hotel President reduced its staff from 220 to 203, a measure which, according to Pedro Portugal, will result in the natural termination of employment contracts that will not be renewed when they finish.

The four-star Skyna Hotel in downtown Luanda has been luckier compared with other hotels and has an occupancy rate of 20%, which is relatively close to the usual rate (between 30% and 35%).

According to its managing director, Joaquim Duque, the higher rate is because the hotel has contracts with oil companies that house their onshore staff there, and with the state of emergency in force since last week preventing inter-provincial movement of people, workers who were already there have not left.

With 187 hotels, 1,200 similar establishments and more than 4,000 restaurants, four years ago Angola had 24,390 rooms, 32,844 beds, 200 travel agencies and 200 car-rental agencies, and up until 2016 the sector employed 219,000 people.

Source: Macauhub

Related

Tags: AngolaAntónio SimãoHotel DiamanteHotel PresidentJoaquim DuqueLuandaPedro PortugalSkyna Hotelанголаأنغولاアンゴラ安哥拉
ScanSendShare393Tweet246Share69Pin88Send
Staff

Staff

Related Posts

Finance

Angola Central Bank changes interest rate

by FurtherAfrica
March 27, 2023
Mozambique announce ambitious climate and security plan at the UN
Climate

Mozambique announce ambitious climate and security plan at the UN

by Elizabeth Khumalo
March 27, 2023
Africa

Rwanda horticulture industry leaders project over 600% increase in avocado export

by Farmers Review Africa
March 27, 2023
Finance

AfDB approves US$30M trade & SME finance facility for Kenya’s Family Bank

by Fabio Scala
March 27, 2023
Fintech

Tigo, Selcom and Mastercard partner to launch online digital payment solution in Tanzania

by The Exchange
March 27, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Finance

Angola Central Bank changes interest rate

by FurtherAfrica
March 27, 2023
0

The Monetary Policy Committee (CPM) of the National Reserve Bank of Angola (BNA) decided last week to change the basic...

Read more
Mozambique announce ambitious climate and security plan at the UN

Mozambique announce ambitious climate and security plan at the UN

March 27, 2023

Rwanda horticulture industry leaders project over 600% increase in avocado export

March 27, 2023

AfDB approves US$30M trade & SME finance facility for Kenya’s Family Bank

March 27, 2023

Tigo, Selcom and Mastercard partner to launch online digital payment solution in Tanzania

March 27, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,043 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?