American multinational hospitality company Hyatt Corporation is planning to boost Tanzania’s fastest growing sector as of 2017, with the construction of a 174-room auberge in the city of Arusha. Hyatt will also endeavor to enhance the hospitality industry, by offering quality services to the customers. The company has won accolades in the hospitality industry, recognized for its professionalism.
Hyatt Regency Arusha set to debut the East African city in 2019 will be built on a 29-acre site. The enlargement plans of Hyatt Hotels Corporation in Tanzania continues to affirm the conducive working environment that favors the businesses. The strategic program for another facility in the mid-next year follows a similar hint of the American firm that aims at investing in a luxurious hotel in Dodoma, Tanzania’s national capital.
The investor said there is potential in the hotel market and looks to seize the untapped business potential as it stretches its influence in East Africa. It has renovation plans underway to uplift the status of the quality of services it offers and wins over new hearts in its operations.
The new Hyatt Regency Hotel Arusha project will cost the global company at least $60 million, increasing the foreign inflows of America to Tanzania. The Hyatt brand plans to add five more hotels before the year 2020. Once operational, the infrastructure would create at least 2,100 jobs.
Tanzania’s hotel revenue dropped by 5.5 percent in 2017, but are poised to bounce back in 2019. That year, Tanzania raked $206 million as compared to the previous year when the sector harvested $218 million. The introduction of the tax on the tourism services by the Government was one of the factors that led to the decline in performance.
The Minister of Natural Resources and Tourism, Dr. Hamis Kigwangalla revealed the Parliament’s plan to have more investments in the hospitality industry to uplift the tourism sector.