Total income for accommodation industry up 1.1% y/y in January
2015-03-23 · Industrial Developments news
Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other” income) rose by 1.1% year on year (y/y) in nominal terms (current prices) in January‚ Statistics SA’s tourist accommodation survey released on Monday showed.
Income from accommodation decreased by 1.5% in January 2015 compared with January 2014.
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 and the gross domestic product.
Stats SA said that income from accommodation decreased by 1.5% y/y in January‚ the result of a 9.3% decrease in the number of stay-unit nights sold and a 8.5% 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 negative y/y growth rates in income in January 2015 were “other” accommodation (-9.2%) and caravan parks and camping sites (-3.2%).
Income from accommodation increased by 2.8% in the three months ended January 2015 compared with the three months ended January 2014.
All rights reserved. This material may not be reproduced, published, broadcast,
rewritten or redistributed without prior permission in writing from AFP.
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
- Growthpoint concludes 18-year industrial estate development with DPD Laser facility 2026-10-17
- Equites reports strong half-year performance as capital deployment accelerates in local logistics sector 2026-10-17
- Redefine and Abcon open "Nines at S&J" midi-unit industrial space for SMEs 2026-10-04
- Growthpoint's R392m Tecoma Park logistics park rises in Cornubia, Durban 2026-10-01
- Balwin estate to get man-made lagoon 2018-03-26
- Portfolio acquisition boosts Dipula asset value 2018-03-26
