Africa -  Botswana - Gaborone

For a comprehensive review of the Africa market, click below:
HVS In-Depth Africa Hotel Valuation Index:   2021 | 2016 | 2015 | 2014

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.

Change In Value For Market:

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: More than -10%

For more information, please contact:

Rishabh Thapar, MRICS
[email protected]
  • +27 0 792790584 (m)