Search:  
Western Cape Business News
1939
VIEWS

Send  Share  RSS  Twitter  09 Aug 2010

HOSPITALITY: Hoteliers Score During World Cup

 



Recent Western Cape Business News

Analysis by Deloitte, the business advisory firm, has found that revenue per available room (revPAR), a key performance indicator for the hotel industry, jumped 121.7% to ZAR1,099 in South Africa during the month of June, compared with the same period last year, when it became the first African nation to host  the  World Cup. This jump in hotel performance was due to a 100.9% increase in average room rates, while occupancy increased to 63.7%, up from 57.7% in June 2009, according to data prepared by STR Global.

Moray Wilson, Tourism, Hospitality & Leisure Leader for Southern Africa at Deloitte, Cape Town commenting on the results, said: “Although the full economic impact of the World Cup has yet to be tallied, the tournament brought astounding success to South African hoteliers during the tournament, with revPAR growth in excess of 120%. This jump is far greater than the 33% increase experienced in Germany, when the country hosted the 2006 World Cup.  However, it should be noted that the location of South Africa ensured that supporters stayed in the country for a longer period of time.

As time passes, the legacy of the event will become apparent but so far, South Africa has already seen an overhaul to its tourism infrastructure and improved international perceptions in terms of being a safe destination to visit. The benefits reach beyond the borders of South Africa and the profile of tourism across Africa has also been raised with the flood of media covering its tourism offerings,” he said.

Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “Alongside the Olympic Games, the World Cup is one of the biggest, most prestigious sporting events a country can host. Such a tournament can greatly elevate the global stature of host nations and cities. The media profile a tournament like the World Cup brings to a country is immense – providing a real showcase of the country and culture.”



 
 
 
Business Profilesnorths-garden-furniturewaterproofing-western-capeback-care-solutions-cape-townpacific-collections
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2024 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: