Pwc South African Hospitality Outlook 2011 – 2015. - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

Overall spending on rooms in all categories rose 16.7% in 2010 to R13.9 billion, reflecting the increase in visitors due to the 2010 FIFA World Cup. Hotels and other accommodation providers were able to charge higher rates during the 2010 FIFA World Cup period, in what is otherwise the off-season. The average room rate for hotels increased 12.6% to R699. Stay unit nights increased 3.7% in 2010, the first gain since 2007. The increase during the month of the FIFA World Cup offset an underlying weak market that was still suffering from the lingering effects of the global recession. The average occupancy rate, which fell from 53.4% in 2007 to 47.3% in 2009, edged up to 47.8% in 2010. If one were to ignore the increase in available rooms of 8 800 rooms from 2007 to 2010, the occupancy rate in 2010 based on 2007 available rooms would be 51.9%

Pwc South African Hospitality Outlook 2011 – 2015.

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