Horwath HTL Hotel Year Book 2013 - Africa

By On 30th April 2013

Horwath HTL wrote over 35 situation reports for the 2013 edition of the Hotel Year Book

Horwath HTL Situation Report: Africa

International tourist arrivals in South Africa are estimated to have increased by approximately 10.5 % in the first seven months of the year (Overseas : +16.4 % ; Africa : +8.5 %). Domestic tourism is estimated to account for about 70% of the total visitor market and about 35% of total tourism spend. Yet in spite of a weaker domestic economic outlook and moderating domestic visitor market, the South African hotel market has shown some evidence of a recovery in 2012.Year-to-date RevPAR has increased by an estimated 13 %, in South African Rand terms, to approximately ZAR 497 according to STR Global; this increase in RevPAR can be attributed to growth in both room night demand (+5%) and average room rate (+4 %). While RevPAR is comparable with that registered

in respect of the same period in 2009, the South African hotel market continues to operate below pre-recession RevPAR performance levels registered in respect of the same period in 2008 (-7 %). 

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