“A good example would be in Sandton where half of our four and five-star hotels are still closed and those that are open are operating at just over 20% occupancy, which is not financially sustainable.”
“They also need open space following being cooped up for so many months of lockdowns which included curfews, provincial restrictions and, for some, what felt like ‘house-arrest’. “This is all coupled with going into summer, our vaccination programme being rolled out, Covid-19 cases down dramatically and international inbound travel hopefully going to resume shortly.”
Now, as the country and the world open up, there is “merit for optimism in the recovery” of these sectors.Despite the travel crisis of 2020/21, visits to Airbnb properties contributed more than R8 billion to country’s economy and supported about 22 000 jobs, according to a report from independent consultancy Genesis Analytics commissioned by Airbnb.
As the festive season approaches, the holiday rental market, especially along the coast, is expected to boom, say Seeff agents. While some international travel will be affected by continuing travel restrictions, South Africans are expected to flock to holiday destinations this summer.
Don't build up your hopes. Everybody is going to be hit hard by a new energy crisis. Flying out will cost 3x as much. Most people will be locked down to their own countries.
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