25 Jan 2013
The total income for the accommodation industry increased by 6.9 percent in the three months ended November 2012 and increased by 1.3 percent year-on-year (y/y) in November.
According to a report by Statistics South Africa (Stats SA), income from accommodation increased by 10.2 percent in the three months ended November 2012.
This increase was due to an increase of 1.2 percent in the number of stay unit nights sold and an increase of 8.9 percent in the average income per stay unit night sold.
Income from accommodation increased by 4.2 percent y/y in November while the number of stay units available increased by 1.9 percent in the three months ended November 2012.
The report reveals that the number of stay unit nights sold increased by 1.2 percent in the three months ended November 2012 and the number of stay unit nights sold decreased by 4.8 percent y/y in November 2012.
According to Stats SA, the main contributor to the y/y increase of 10.2 percent in income from accommodation for the three months ended November 2012 was hotels (9.3 percent and contributing 6.3 percentage points), followed by ‘other’ accommodation (14.5 percent and contributing 3.8 percentage points).
The main contributor to the y/y increase of 4.2 percent in income from accommodation for November 2012 was ‘other’ accommodation (11.0 percent and contributing 2.7 percentage points), followed by hotels (2.5 percent and contributing 1.7 percentage points). – Denise Mhlanga
Denise MhlangaProperty journalist at property24.com
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