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.

Friday, 13 September 2013 10:54

Western Cape tops hospitality sector

The Western Cape has proven to be the best in the country when it comes to tourism and hospitality after the province came tops during the inaugural Lilizela Tourism Awards held in Pretoria on Thursday night.  

Rental income for the period increased 8.3% to R174 million, underpinned by improving overall occupancies and average room rates (“ARR’s”) over the bulk of the properties, more particularly in the core metropolitan portfolio.

Wednesday, 14 November 2012 09:54

Top 10 Hospitality Industry Trends for 2013

The upcoming year is projected to be a better and brighter one for the hospitality industry, but what are the new factors driving the market in 2013?


Economic factors such as rising fuel costs coupled with a general need for convenient access is seeing Vaal Dam leisure properties receiving renewed interest from leisure home buyers, reports Phil Medlock, area principal for Pam Golding Properties.

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?

The economic downturn has seen the leisure property sector battle as several struggling golf and leisure estates have seen the auction block in recent months

The residential property market in South Africa is still coming to terms with the fallout from the economic crisis, said Auction Alliance CEO Rael Levitt on Monday.

Monday, 05 February 2007 02:00

Funds with bad habits

Listed property fund managers are eagerly preparing to join the globalising trend of property that will bring more capital,greater liquidity and higher prices. But they're ignoring some bad habits that they will have to change before international investors rate them equal to Australian, American or European funds. 
Funds are devouring each other to crack the R15bn-plus market capitalisation that would attract big international investors. Their managers are debating how best to change their property unit trusts and property loan stock companies into real estate investment trusts (Reits) - the format that is understood throughout the world.

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