December total tourist accommodation industry income up 11.1%

Total income for SA’s tourist accommodation industry rose by 11.1% year on year (y/y) in nominal terms (current prices) in December 2013‚ Statistics SA’s tourist accommodation survey showed.

The survey‚ released on Monday‚ 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 as well as the gross domestic product.

Income from accommodation increased by 17.9% y/y in December 2013‚ the result of a 5.9% increase in the number of stay unit nights sold and an 11.3% increase in the average income per stay unit night sold. Stats SA describes a stay unit as a unit of accommodation available to be charged out to guests. Examples include a powered site in a caravan park or a hotel room.

The main contributors to the 17.9% y/y increase in income from accommodation in December 2013 were hotels‚ contributing 11.7 percentage points .

A recently released Tourism Business Council SA-FNB tourism business index showed that tourism growth during the last quarter of 2013 exceeded expectations by reaching 114.6 points compared with a forecast of 110.8.

FNB business head of Tourism Wiza Nyondo said the weaker rand would have a positive effect on inbound tourism by making SA competitive against other countries as a holiday destination.

“However‚ in the medium to longer term‚ it is undeniable that the negative side effects of the depreciation could erode these gains through … increased fuel cost and food prices in the economy‚” Nyondo said.

The types of accommodation that recorded the highest y/y growth rates in income from accommodation were caravan parks and camping sites (51.1%) and hotels (20.3%).

Income from accommodation increased by 14.3% in the fourth quarter of 2013 compared with the fourth quarter of 2012‚ with the contributors to this increase being hotels (rising 14.5% and contributing 9.1 percentage points). © BDlive 2013



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