Africa -  Botswana - Gaborone

Botswana has a positive economic growth outlook supported by stable and low inflation, low interest rates and a GDP projected to grow by 4.5% in 2018 and 2019. After that GDP is forecast to stay above 4%. A solid foundation of the financial sector, financial incentives and transparent tax procedures encourage foreign investment in the country. Botswana has the least corrupt government in Africa, according to the Corruption Perception Index 2017 by Transparency International, and an efficient and timely way of constructing and registering property. On top of that, a well-connected and efficient rail and road network as well as a growth in internet penetration and information and communication technology (ICT) infrastructure in Gaborone improves the growth potential for trade overall.

An amendment of the immigration law was passed in April 2017; making it easier for non-citizens who are investors and have resided in Gaborone and the rest of the country lawfully for a period of less than five years to obtain permanent residency. This is a further positive step to promote job creation and encourage foreign investment in Gaborone.

Tourism is well-placed to grow as Gaborone and the rest of the country is well known worldwide for its exclusive safari experiences. Travel and tourism’s total contribution to the country’s GDP is forecast to rise by 4.9% in 2018 and by 4.5% per year over the next ten years.

New supply in Gaborone includes two Hilton hotels and one Marriott operated property. The Hilton Garden Inn Gaborone is expected to open its 147 rooms for reservations from the middle of December 2018. The Protea Hotel Gaborone will have 160 rooms and is scheduled to open in March 2019. The Hilton Gaborone is planning to open with 200 rooms in the middle of March 2021.

Exchange Rate:

Exchange Rate 2016 Exchange Rate 2017 Change 2016/2017 Exchange Rate 2018 Change 2017/2018
US$ 1 0 0
Botswana - Gaborone 0.09051 0.09551 5.5% 0.09871 3.4%

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Botswana - Gaborone RevPAR Change

Botswana - Gaborone RevPAR

Year RevPAR
2015 47.39
2016 42.43
2017 40.81
2018 (f) 44.31
2019 (f) 41.70
2020 (f) 45.82

For more information, please contact:

Tim Smith, MRICS
[email protected]
  • +27 797 342296 (w)
Rishabh Thapar
[email protected]
  • +27 0 792790584 (m)
Laura Dutrieux
[email protected]