Overall occupancy was 39.3% across all tourism accommodation types in December 2022. This is 12 percentage points lower than before the pandemic in December 2019, according to Lee-Ann Bac, director at the specialist tourism unit of international consulting firm BDO.
A trend Bac picked up from the data is that across all tourism accommodation types, income recovery from restaurants and bars has outpaced accommodation revenue. "For SA's tourism accommodation sector to recover and grow, we need strong economic growth so South Africans will have sufficient disposable income to not only go on holiday but to stay at places like hotels and guesthouses," says Bac.
Investec economist Lara Hodes points out that tourist numbers in SA were up 152.6% year-on-year in 2022.
_Business Not surprised given our breakdown in infrastructure, high crime rate... Etc
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Source: BusinessTechSA - 🏆 24. / 61 Read more »