Positive news in the hospitality sector in South Africa is recorded throughout, which despite experiencing substantial decline between 2009 and 2011, recorded a national average RevPAR (revenue per available room) annual increase of 10.5 percent during 2012.
Positive news in the hospitality sector in South Africa is recorded at the 5 Star hotel level, which despite experiencing substantial decline between 2009 and 2011, recorded a national average RevPAR (revenue per available room) annual increase of 15.6 percent during 2012.
Overseas buyers reaffirm commitment to ongoing presence in South Africa. RevPAR (revenue per available room, in rands) in South Africa grew by 10.5 percent compared to the same period in 2011
Joop Demes reports that South Africa’s top-ranked hotels are showing remarkable resilience, having come through a difficult trading cycle between the final quarter of 2008 to the third quarter of last year. Occupancy levels, which reached a high point in 2007, have picked up again, as has REVPAR (revenue per available room).

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.