South Africas hospitality sector is enjoying the fruits of a global shift to high-end, experience-driven travel, significantly boosting revenue per available room (RevPAR).
According to hospitality data specialist STR, 77% of international markets have reported greater RevPAR this year compared to 2023. Occupancy and average daily rate (ADR) have also increased.
Room Raccoons SA Summer Hospitality Report for April 2024 shows that RevPAR improved by 11% from summer 2023 to 2024 and ADR rose 10% in South Africa.
Tourism numbers for Cape Town have also surged. Cape Town Tourism CEO Enver Duminy said the overall occupancy rate in 2023 was 68% a 9% increase from 2022with RevPAR improving by 22.7% in the same period.
Significantly, international arrivals at Cape Town International Airport skyrocketed by 50%. More than 1.3 million travellers from outside Africa visited the city last year.
