Highlights
- It is projected that Tanzania’s Hotels market will see a revenue of US$413.10m in 2024, with an expected annual growth rate (CAGR 2024-2028) of 6.22%.
- This will result in a projected market volume of US$525.90m by 2028.
- Additionally, the number of users in this market is expected to reach 5.32m users by 2028.
- With a user penetration rate of 6.1% in 2024, it is expected to increase to 6.8% by 2028.
- The average revenue per user (ARPU) is projected to be US$97.66.
- Furthermore, it is anticipated that 75% of the total revenue will be generated through online sales in the Hotels market by 2028.
- In comparison to other countries, it is noteworthy that United States will generate the most revenue in the Hotels market with a projected revenue of US$110,500m in 2024.
- Tanzania’s hotel market is experiencing growth due to an increase in tourism and investment in luxury accommodations.
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