Culture & Nature-Based Lodge
There is an enticing market for tourism in Tigrai. Blackbee has therefore finalized preparations to pitch a combined nature and culture based lodge in Gheralta area, Hawzien, in Tigrai at investment cost of Birr 96 million. The overall objective is to provide a well-diversified and quality lodge service that satisfies customers and at the same time contribute towards the development of tourism market in Tigrai. This particular project is meant to be one of a series of projects along the same concept in the breadth and width of Tigrai and other places in Ethiopia.
Over the last five years, there has been a steady growth of tourist inflow into Tigrai. Despite the relatively fast growth in tourist inflow, the supply side as it manifests itself in number of lodging, catering service and professional tour guide Etc has not responded commensurately. Hence, Blackbee’s founders have chosen tourism as a particularly important sector to channel investment into.
Blackbee plans to open lodges across historical areas in Tigray, areas that are also endowed with natural beauty, and afford an exciting opportunity for mountain trekkers. The first group of lodges will be located around Eastern and Central Tigray with investment cost exceeding birr 100 million for each one. The lodges are expected to cater to high-taste tourists who have a deep appreciation for historical heritage and have a strong appetite to explore natural beauty and adventure trekking. The Rate of Return, IRR, NPV and Payback Period as financial measures give outstanding results. The first lodge for which exhaustive study has been made is expected to register profit at the end of the first year of operation.