Ethiopia Aims To Triple Tourism In Five Years

October 5, 2015

Ethiopia aims to triple the number of its foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa's fastest-growing economies.

Buoyed by huge spending on infrastructure and an expansion of its services and agricultural sectors, Addis Ababa expects annual economic growth of around 11 percent for the next five years.

Visitor numbers have risen at least 10 percent a year for the past decade, albeit from a very low base. More than 750,000 tourists arrived during fiscal year 2014/2015, generating USD$2.9 billion for the economy, said Culture and Tourism Minister Amin Abdulkadir.

"This sector will generate foreign direct investment and foreign currency and create job opportunities, as well as contribute to image-building," he said.

Hilton signed a management deal to open its first hotel in Ethiopia in more than four decades, while sub-Saharan Africa's first Marriott-branded serviced apartments have also been unveiled in the capital.

Sheraton, Radisson and Golden Tulip are among a handful of global groups already operating, and Best Western, AccorHotels and Ramada say they are also working on new projects.

Ethiopia's target for 2020 looks modest, however, in comparison to that of Egypt, where 9.9 million tourists visited last year.

"We are a peaceful and stable country. Plus, we have the right policies and strategies," said Amin. "It will not be long before we reach the levels of our neighbours."

(Reuters)