Accommodation industry income down 12.3%

Posted On Monday, 26 September 2011 02:00 Published by
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Total income for the accommodation industry decreased by 12.3% in July to R1.759bn rand, data from Statistics SA has shown.

Total income for the accommodation industry decreased by 12.3% year on year (y/y) in July to 1.759 billion rand, data from Statistics SA (Stats SA) on Monday showed.

Total income for the accommodation industry (which includes restaurant sales, bar sales and other income) for the three months ended July decreased by 19.8% compared with the three months ended July 2010.

Income from accommodation for the three months ended July decreased by 31.4% compared with the corresponding period in 2010.

The decrease was due to a decrease of 14.1% in the number of stay unit nights sold and a decrease of 20.2% in the average income per stay unit night sold.

Income from accommodation in July decreased by 24.1% compared with July last year.

Stats SA said the number of stay units available in July decreased by 2.6% y/y. The number of stay units available for the three months ended July decreased by 3.0% compared with the same period in 2010.

A stay unit is the unit of accommodation available to be charged out to guests, for example a powered site in a caravan park or a room in a hotel.

The number of stay unit nights sold in July decreased by 3.6% y/y. Stay unit nights sold refers to the total number of stay units occupied on each night during the survey period.

The number of stay unit nights sold for the three months ended July decreased by 14.1% compared with the three months ended July 2010.

Source: I-Net Bridge


Publisher: I-Net Bridge
Source: I-Net Bridge

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