New market study, "Lodging in South Africa", has been published

From: Fast Market Research, Inc.
Published: Fri Oct 09 2015

Demand for accommodation services in hotels remained fairly stable in South Africa in 2014. Demand was in line with the stable inflow of tourists to the country year on year. South Africa provides a wide variety of hotel accommodation, ranging from ungraded to five-star hotels. This enables tourists with varying spending power to purchase accommodation to suit their needs. The year 2014 witnessed value growth of 5%. The hotels category in South Africa continued to recover from the oversupply of rooms after the FIFA Soccer World Cup in 2010, as hotel operators expected to witness more demand beyond the world football event, which did not materialise. The excess room supply had more impact on the Western Cape and Kwazulu Natal provinces, where an increase in tourist activities was anticipated beyond this event.

Industry Prospects

Full Report Details at

Lodging is expected to experience negative value growth over the forecast period, with the use of cheaper accommodation alternatives, such as backpacking facilities and self-catering apartments, set to result in a negative value CAGR of 1% at constant 2014 prices over the period. More local consumers are also likely to make use of friends and relatives for accommodation as consumer spending power remains under pressure from the rising cost of living.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in South Africa with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in South Africa, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in South Africa market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in South Africa?
* What are the major brands in South Africa?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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