Do you want to partake in tourism investment? Rwanda, the land of a thousand hills is a rich potential for tourism investments with assurance of great returns on investment within shortest time possible. Though many people have widely known Rwanda for the memorable gorilla trekking experience and other unique safari packages, the country is much more. Rwanda’s steady progress as a leading tourism destination in Africa after a horrific genocide is a proof that the country is worth investing. Several developments have been put up as well as peace and security for the people and their investments in the country (Rwanda).
Looking at the number of tourist arrivals in Africa, the land of a thousand hills receives a highest population of travelers compared to other Africa countries an indication that there is room for business in the country. Rwanda’s potentiality for investment was revealed in a three day summit in which many public officials, industry experts, local operators, investors and other stake holders in the tourism sector gathered to discuss a way forward for Rwanda.
On the same occasion, several testimonies were heard from the already existing investors on how Rwanda has been a good place for investments. The business friendly laws in Rwanda make the country a very secure and profitable place for investments. Alex Kyriakidis, the president and managing director for the Marriott international in Africa confessed that Rwanda is surely a viable investment destination.
Alex confessed that in one year of their operations in Rwanda’s local market, they have experienced growth as well as earning much returns on their investments. Business is expected to generate over 1.8usd revenue for the country. Similarly, $1.8million has been earned from tax and advisory firm according to independent assessment by the international audit. $4.97 million was earned from tourism investments in 2016 a great positive impact on the country and local people directly and indirectly.
In economic terms, Rwanda is economically stable with enough demand and supply of the produced products. Rwanda’s increased population provides extensive market for the produced products hence assuring investors of great returns and smooth running of all operations. Rwanda won a second position in the global competitiveness report by the world economic forum hence a best place to invest. .
The hospitality sector is one of the fastest growing sectors in Rwanda. Several hotels. Lodges, restaurants and other related facilities have been established in all pars of the country. The hospitality sector is believed to contribute over 8% to the gross domestic product in Africa. Roughly 4.9% is expected to be earned each year so as to raise more returns by 2025.
Other infrastructures such as roads have been constructed in all corners of the country to ease transport by investors and the clients. In which corner of Rwanda you choose to start a business, investors are assured of easy transportation and smooth running of all operations. Similarly, Rwanda air is Africa’s best airline, which has expanded its routes in West Africa as well as having direct flights to the United Kingdom. This guarantees easy and safe movements to and within Rwanda.
Investment in several global hotel brands that serve international travelers is a hidden gem. Rwanda is known for having the best conference hotels (Radisson Blu Hotel and the Kigali convention center) accommodating for the largest seating in meetings, conferences, incentives and events. This gives potential investors the readiness of some of the world’s leading hotel brands worth investing. New investment opportunities such as hot springs hotel and hotel strip in Rubavu district, golf resort and residential villas in Karongi district along with a vacation village in Gicubi district.
Tourism investment in Rwanda is very helpful to the local people in improving their standards of living. So far, over 1,114 jobs have been created by the African hotel investment Forum. In the same way, Rwanda’s government has earned roughly $292,184 from international investments, which is a great achievement.
Conclusively therefore, Rwanda is a best place for tourism investments. The country should put strategies to keep beautiful so as to attract more travelers to maintain a 10 percent growth rate in revenues annually.
