Hotelbusiness

22 Feb

Addis Ababa Hotels Struggle Amid Security Threats

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, COVID, EthioNegari, Ethiopia, Hotelbusiness

The hotel industry in Addis Ababa is facing a significant downturn attributed to security concerns, impacting revenue streams and operational sustainability, reports the Addis Ababa Hotel Owners Association. Mrs. Aster Solomon, President of the Addis Ababa Hotel Owners Association, has expressed deep concern over the declining income of hotels, primarily due to the pervasive security challenges prevailing in the city. The situation has led to some organizations withdrawing from the hotel business, exacerbating the existing issues and contributing to an environment lacking in stability. Citing the aftermath of the Covid-19 pandemic, Mrs. Solomon noted that many hotels, already grappling with…

07 Oct

Ethiopian Hotel owners requests Government to extend bank debt payment period

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Debtrelief, EthioNegari, Ethiopia, Ethiopianews, Hotelbusiness, hotelsinaddisababa, Warinethiopia

According to the Ethiopian Federation of Hotel and Tourism Employers, the hotel and tourism business in Ethiopia is constantly weakening. The federation’s president, Fitih Woldesenbet, told VOA that the hotel and tourism business in the world was weakened due to COVID-19, but it has now returned to its previous position. He said that taking action based on the recommendations submitted to the government to help the hotel industry recover from the damage caused by COVID-19 in Ethiopia saved the sector from further damage. The president said that the system implemented under the Covid protocol has allowed hotels that had stopped…