The Competition Commission has approved the acquisition of Three Cities Management Company by African Hotels and Adventue (AHA).

International perceptions about Johannesburg change, making it easier to bid to host international events in the city , says executive director of the Sandton Convention Centre, Matifadza Nyazema.

The owners of Durban hotels, restaurants and other businesses are laughing all the way to the bank after the Durban July this past weekend.

Limpopo Premier Stanley Mathabatha has set a target to grow the provincial economy by 5% by 2019.

Sun International reports a 20% decline in diluted HEPS to 325c for the 6 months ended December 2013 from 408c a year ago.

Total income for the tourist accommodation industry increases by 10.3% in nominal terms in July 2013 compared with a year earlier‚ says Statistics SA.

Wednesday, 27 March 2013 08:20

Brics tourists remain untapped market for SA

Brics nations, despite high growth in tourist arrivals from these countries last year, remain an untapped resource for South African Tourism.

Perhaps hard to believe, but according to Tourismrsa.com the Western Cape only brings in 13% of South Africa’s domestic tourism revenue or R2,8 billion. That compared to KwaZulu-Natal with 26% of revenue or R5,7billion. But tourism in general grew by 5% in the Western Cape in 2011 contributing 10 percent to the province's gross domestic product (GDP) and creating 70 000 jobs over five years

The hospitality industry which boomed in South Africa in 2010 has admittedly had some post World Cup benefit. The industry has also shed some of its fly-by-nighters. However the debate continues as to whether hotel rooms are overpriced and over accommodated. Regardless, the question remains: aren’t hotels a property industry problem and therein lies the root dynamic behind the quantity and price of rooms?

Thursday, 17 December 2009 02:00

SA to be the racetrack of African kings

African countries could soon have their race horses galloping in Plettenberg Bay, that's if Africa Race Estate is allowed to develop a R1.3bn track, pavilion, a five-star hotel and village in the area.

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