The Accommodation Industry in South Africa 2023: Student Accommodation Gains Traction and Presents Opportunities

DUBLIN, April 10, 2023 /PRNewswire/ — The “The Accommodation Industry in South Africa 2023″ report has been added to  ResearchAndMarkets.com’s offering.

The Accommodation Industry in South Africa

The tourism accommodation industry, one of the sectors hardest hit by lockdown restrictions, is in recovery. Tourist accommodation income increased by more than 60% year on year in 2022.

Role players are doing well despite energy costs, power cuts, pressure on the discretionary spending of travellers and occupancy still generally lower than pre-pandemic levels. The United Nations World Tourism Organisation expects the sector to return to pre-crisis levels in 2023.

Key Trends and Challenges

There is increased demand for apartment hotel accommodation and longer stays as people combine working remotely with travel. Last-minute bookings have increased, and hotels are using technology for guests to check in, order food, and control in-room features. The power crisis has a huge impact on the industry, especially smaller establishments, as most do not have their own generators or inverters. Most large hotels have installed generators, but these don’t cover all amenities such as lifts. The high crime rate and the harassment of international tourists is a major threat to tourism.

Student Accommodation

Student accommodation is a growing subsector as the shortage of student accommodation has long been a challenge for the higher education sector. The Department of Higher Education and Training said there is a shortage of over 400,000 beds for students at public tertiary institutions, with rural-based institutions being the most affected. Demand for student accommodation is resulting in increasing private sector participation.

Report Coverage

This report focuses on tourism and student accommodation in South Africa. It includes information on the state of tourism, occupancies, influencing factors, notable players, corporate actions and developments. There are profiles of 48 companies including International companies such as Accor and InterContinental, major local players such as Southern Sun, Sun International and City Lodge, and companies operating in the student accommodation subsector such as CampusKey and Citiq.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. Loadshedding
6.2. Economic Environment
6.3. Input Costs
6.4. Safety and Security
6.5. Labour
6.6. Environmental Issues
6.7. Technology, R&D, Innovation
6.8. Government Support

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

APPENDIX

• Summary of Notable Players

Companies Mentioned

• Accorhotels South Africa (Pty) Ltd
• Adowa Property Managers (Pty) Ltd
• African Elite Properties (Pty) Ltd
• African Sky Hotels and Resorts (Pty) Ltd
• An African Anthology (Pty) Ltd
• And Beyond South Africa (Pty) Ltd
• Archers Zanzibar Ltd
• BON Hotels (Pty) Ltd
• CampusKey (Pty) Ltd
• Capital Apartments and Hotels (Pty) Ltd (The)
• Citiq Students (Pty) Ltd
• City Lodge Hotels Ltd
• CLHG Mozambique Lda
• CLHG Tanzania Ltd
• Club Mykonos Management (Pty) Ltd
• Cradle Boutique Hotel (Pty) Ltd
• Extraordinary Resorts Holdings SA (Pty) Ltd
• Forever Resorts (Pty) Ltd
• Good Hope Palace Hotels (Pty) Ltd
• Gooderson Leisure Corporation (Pty) Ltd
• Growthpoint Properties Ltd
• Hilton Worldwide Holdings Inc
• Hunter Hotels (Pty) Ltd
• IFA Hotels and Resorts Ltd
• InterContinental Hotels Group PLC
• Kat Leisure (Pty) Ltd
• Kharafi Hospitality (Pty) Ltd
• Lavado Holdings BV
• Legacy Hotels and Resorts (Pty) Ltd
• Legend Hospitality Group (Pty) Ltd
• M I H Ventures (Pty) Ltd
• Marriott International Inc
• Millat Investments (Pty) Ltd
• Minor Hotel Group Gaborone (Pty) Ltd (The)
• MORE Family Collection (Pty) Ltd
• Newmark Hotels (Pty) Ltd
• Ngorongoro Crater Lodge Ltd
• One and Only Cape Town (RF) (Pty) Ltd
• ONOMO International LLC
• Orion Hotels and Resorts (South Africa) (Pty) Ltd
• Peermont Global (Pty) Ltd
• Premier Hotels and Resorts (Pty) Ltd
• Pulse Property Group (Pty) Ltd
• Radisson Hospitality South Africa (Pty) Ltd
• Respublica Group (Pty) Ltd
• South African National Parks
• South African Student Accommodation Impact Investments (Pty) Ltd
• South Point Management Services (Pty) Ltd
• Southern Sun Ltd
• Stag African Observatory (Pty) Ltd
• Sun International Chile Lda
• Sun International Ltd
• Sun Latam SpA
• Tintswalo Classic Collection (Pty) Ltd
• Tourvest Holdings (Pty) Ltd
• TsogoSure Insurance Co Ltd
• Valor Hospitality Partners Africa (Pty) Ltd
• Vexicure (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/rieuzo

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