“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

The continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region.

In a research study commissioned by Tongaat Hulett and conducted by GIW Consulting (Pty) Ltd, director Graham Wood says following an analysis of STR Global's independent metrics of the Umhlanga Hotel market, several interesting conclusions arose.

Sandton's bustling business hub is set for a major boost with the much-anticipated completion of Empire Executive Apartments and Hotel.

Sandton's bustling business hub is set for a major boost with the much-anticipated completion of Empire Executive Apartments and Hotel.

Monday, 24 March 2014 13:09

Hotels show signs of recovery from slump

SA hotel industry looks to be emerging from its post-Soccer World Cup slump‚ occupancy and room-rate figures for last year show.

Thursday, 18 August 2011 02:00

Weak economy hits Hospitality

Loan stock company Hospitality Property Fund yesterday reported a disappointing set of results for the year ended June, blaming an embattled hotel market, which is reeling from a weak economy

Most Popular

Balwin announces 4 544 rental apartment deal, Unique design & architecture to disrupt rental market

Feb 20, 2019
Stephen Brookes Balwin Properties
JSE listed Balwin Properties, South Africa’s largest turnkey sectional-title developer,…

New Maluti Crescent to open on 21 March and transform shopping in Phuthaditjhaba

Feb 28, 2019
MD  PAUL GERAD
Maluti Crescent Shopping Centre will open on 21 March 2019 when it will officially become…

Fairvest Property Holdings Limited announced solid results for the six months to December 2018

Feb 27, 2019
DARREN WILDER
Fairvest Property Holdings Limited today again announced solid results for the six months…

Redefine Properties on track to drive sustainable growth in ‘watershed’ election year

Feb 25, 2019
1 ANDREW KONING
While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to…

Renewable energy programme attracts R209.4 billion to SA economy

Feb 25, 2019
JEFF RADEBE
The Renewable Energy Independent Power Producer Procurement Programme (REIPPP) is making…

Please publish modules in offcanvas position.