Income from tourist accommodation up 3.7%

Westin Hotel (via Web)
Westin Hotel (via Web)

Cape Town - Measured in nominal terms (current prices), total income for the tourist accommodation industry increased by 3.7% in February 2015 compared with February 2014, official figures released on Monday showed.

Statistics SA said in a statement income from accommodation rose by 2.8% year-on-year (y/y) in February 2015, the result of a 6.2% drop in the number of stay unit nights sold and a 9.6% increase in the average income per stay unit night sold.

In February 2015, the types of accommodation that recorded the highest y/y growth rates in accommodation income were caravan parks and camping sites (7.5%) and hotels (5.1%).

The main contributor to February 2015's 2.8% y/y rise in accommodation income was hotels (contributing 3.3 percentage points).

Income from accommodation lifted by 1.0% in the three months ended February 2015 compared with the three months ended February 2014. The main contributor to this was hotels (2.7% and contributing 1.7 percentage points).

Income from accommodation excludes restaurant and bar sales and ‘other’ income.

ZAR/USD
16.98
(-0.23)
ZAR/GBP
21.23
(-0.06)
ZAR/EUR
19.15
(-0.17)
ZAR/AUD
11.80
(-0.12)
ZAR/JPY
0.16
(-0.25)
Gold
1774.31
(+0.03)
Silver
18.02
(-0.04)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1610 votes
I am taking a hit, but should be able to recover in the next year
23% - 2116 votes
My finances have been devastated
35% - 3174 votes
It's still too early to know what the full effect will be
25% - 2297 votes
Vote