Accommodation industry income down 39.7%

Posted On Tuesday, 23 August 2011 02:00 Published by
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Total income for the accommodation industry decreased by 39.7% year on year in June to R1.335bn, according to Statistics SA.

Total income for the accommodation industry decreased by 39.7% year on year (y/y) in June to 1.335 billion rand, data from Statistics SA (Stats SA) on Monday showed.

Total income for the accommodation industry (which includes restaurant sales, bar sales and other income) for the second quarter of 2011 decreased by 17.5% compared with the second quarter of 2010.

Income from accommodation for the second quarter decreased by 25.4% compared with the corresponding period in 2010.

The decrease was due to a decrease of 11.3% in the number of stay unit nights sold and a decrease of 16.0% in the average income per stay unit night sold.

Income from accommodation in June decreased by 51.7% compared with June last year.

Stats SA said the number of stay units available in June decreased by 1.5% y/y. The number of stay units available for the second quarter decreased by 1.2% compared with the same period in 2010.

A stay unit is the unit of accommodation available to be charged out to guests, for example a powered site in a caravan park or a room in a hotel.

The number of stay unit nights sold in June decreased by 23.9% y/y. Stay unit nights sold refers to the total number of stay units occupied on each night during the survey period.

The number of stay unit nights sold for the second quarter decreased by 11.3% compared with the same period in 2010.

Source: I-Net Bridge


Publisher: I-Net Bridge
Source: I-Net Bridge

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