The South African hotel industry has achieved a level of growth in recent years, that has surpassed other sectors of the economy.
The core component of the success of the hotel sector has been the pricing of available rooms. The purpose of this review is help you to:
- Understand the historic average room rate performance of hotels in South Africa
- Benchmark average room rates against local inflation and international rates
- Consider the impact on pricing of major events, both in South Africa and internationally
- Highlight increases in land and building costs that are implicit to the expansion of the hotel sector in South Africa
This review was written by Rob O'Hanlon, the Deloitte South Africa partner for Tourism, Hospitality and Leisure.
To read the full article, please go here:
www.hotelbenchmark.com
