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Turnaround for South Africa’s Hospitality Industry

Turnaround for South Africa’s Hospitality Industry BusinessGraph1Turnaround for South Africa’s Hospitality Industry. Continued economic growth, rising tourism and slower growth in the number of available rooms will lead to a recovery in hotel occupancy rates, writes Nikki Forster.

Despite the recent economic uncertainty, South Africa’s hospitality industry for 2012 to 2016 is expected to improve with the demand for rooms anticipated to grow faster than supply and the overall occupancy rate to show a strong increase in growth, according to a report issued by PricewaterhouseCoopers (PwC).

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