“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

Property market will trend positive in 2019, says Berry Everitt

Jan 09, 2019
BERRY EVERITT
“South Africa’s residential market is in for an interesting time in 2019, but our…

How to beat the January financial blues

Jan 09, 2019
RUDI BOTHA
No-one wants to default on their bond instalments or other account payments, but often in…

Texton’s shareholders cast clear vote against share repurchase, putting the REIT on a firmer footing

Jan 09, 2019
MARIUS MULLER
Shareholders of Texton Property Fund have voted against the repurchase of shares in terms…

PKM Developments opens three new value centres in Central and Eastern Europe

Jan 09, 2019
BAIA MARE
In November and December 2018, PKM Developments, the joint venture between MAS Real…

Moody's affirms Nepi Rockcastle's BAA3 long-term credit rating and changes outlook to stable

Jan 09, 2019
ALEX MORAR
Moody's Investors Service has affirmed NEPI Rockcastle’s long-term credit rating and…

Please publish modules in offcanvas position.