Pwc South African Hospitality Outlook 2013 – 2017 (Featuring Analysis Of Nigeria And Mauritius). - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

South Africa, Nigeria and Mauritius have very different markets. South Africa attracts a mix of business and holiday travellers and offers a wide range of hotel classes and accommodation. Nigeria is principally a business market with relatively little holiday tourism. Mauritius is primarily a resort market with most travellers coming on holiday. Here, five-star hotels constitute a significant component of available rooms and total spending.These differences are reflected in spending patterns. As a resort market, Mauritius is affected by international global economic conditions, while the local economy has relatively little impact. As business destinations, the economic climate is an important attraction in Nigeria and South Africa. Nigeria’s economy is booming, buoyed in large part by regional and international investment, and hotel room revenue rose 35% between 2008 and 2012.Slow growth in Mauritius over the past five years was in part due to price discounting, particularly by five-star hotels, to sustain business. With global economic conditions improving, we expect foreign tourism to increase, prices to rise, and spending on hotel rooms to grow by 10.4% on a compound annual basis.

Pwc South African Hospitality Outlook 2013 – 2017 (Featuring Analysis Of Nigeria And Mauritius).

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