Luanda to receive investment of US$500 million in five new hotels

27 June 2006

Lisbon, Portugal, 27 June – The Angolan capital of Luanda is to receive an investment of US$500 million over the next two years, to be spent on five new hotels, two of which are to be built by state companies Endiama and Sonangol.

Jonatão Chigunji, Angolan minister for Hotels and Tourism said that “in Luanda there is a deficit of 2,500 to 3,500 rooms, there is room for four, three and two-star hotels, and even motels and inns.”

“Hotels in Luanda are always overbooked, regardless of category and the time of year. The occupancy rate is 97 percent,” he said.

Another of the hotels is to be designed by Portuguese construction company Teixeira Duarte, which already owns the Alvalade and Trópico hotels in Luanda, the deputy minister said.

Chigunji, who was speaking at a conference entitled “The Angolan Market – Challenges and Opportunities, Between Yesterday and Today,” also said that the government was negotiating with another Portuguese group, Amorim, which had already presented a proposal.

According to Chigunji, the list of parties interested in the Angolan capital’s hotel sector, “has increased a lot since the visit by Prime Minister José Sócrates,” in April.

“Angola wants serious investments and groups with the capacity to work in partnership with local companies on credible projects,” he said.

According to the deputy minister, “leisure tourism in Angola can only be in three to five years. What there is at the moment is business tourism.”

Chingunji also said that the government planned to create a tourism institute to encourage public-private partnership in this area. (macauhub)