Egypt alone accounts for a third of Africa's record hotel development pipeline, with 45,984 rooms across 185 properties. The concentration tells you more about risk than it does about opportunity.
Radisson's 100-hotel milestone across Africa sounds like a victory lap, but 3,000 rooms added through conversions in five years tells a different story about what "growth" actually means when new-build financing has dried up and the real test is whether the flag delivers enough to justify the fee.
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