Total income for accommodation industry up 7% y/y in November

2015-01-20 · Industrial Developments news

Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other” income) rose by 7% year on year (y/y) in nominal terms (current prices) in November‚ Statistics SA’s tourist accommodation survey released on Monday showed.

The survey is conducted monthly and covers a sample of public and private enterprises involved in the short-stay accommodation industry‚ with the results used to compile estimates of tourism satellite accounts‚ as well as the gross domestic product.

Stats SA said that income from accommodation increased by 8.1% y/y in November‚ the result of a 1.4% increase in the number of stay-unit nights sold and a 6.5% increase in the average income per stay-unit night sold.

Stats SA describes a stay unit as a unit of accommodation available to be rented out to guests. Examples include a powered site in a caravan park or a hotel room.

The types of accommodation that recorded the highest y/y growth rates in income in November 2014 were caravan parks and camping sites (40.9%) and guest-houses and guest-farms (13.5%).

Income from accommodation increased by 8.8% in the three months ended November 2014 compared with the three months ended November 2013.

Get commercial property news by email

Free alerts when we publish — pick a focus or get everything, unsubscribe in one click. Subscribe »

More in Industrial Developments news

All news from 2015 »

Guides you may find useful

Digital Broker