Dublin, April 28, 2021 (GLOBE NEWSWIRE) -- The "The Accommodation Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.
This report on the Accommodation Industry includes information on the size and state of the sector and the factors that influence it including the coronavirus crisis, travel and tourism statistics and trends, and corporate actions.
There are profiles of 39 companies including Marriott International, the owner of Protea Hotels, which announced that it will stop operating some well-known South African Hotels, major players such as Sun International and Tsogo Sun, Moroccon-based Onomo, which is expanding its footprint on the African continent, and small players such as Cradle Boutique Hotel.
The Accommodation Industry:
The tourism sector accounted for approximately 709,000 jobs in 2019. Income from accommodation grew by over 2% in 2019 despite a decline in international tourists. Even before the coronavirus pandemic, South Africa's travel and tourism industry was facing challenges due to a weak economy, competition from neighbouring countries, safety and security issues and the water crisis.
Due to the coronavirus pandemic and lockdowns in most countries, 2020 will be devastating for the travel and tourism and accommodation sectors, with massive industry layoffs and consolidation taking place as foreign and inter-provincial travel stopped and as the industry effectively shut down.
Travel trends and Challenges:
South Africa is a popular meetings, incentives, conferencing and events destination and travellers who combine leisure and business travel are a growing market. Wellness and medical tourism are popular, along with township and sports tourism. Government has implemented austerity measures, resulting in less travel for government employees.
The quality of infrastructure and road networks, especially in rural areas, affects tourism growth while load-shedding affects tourism and the daily operations of accommodation establishments. The cancellation of international and domestic routes by South African Airways decreased demand for accommodation.
Coronavirus Effects:
It is expected that international tourist arrivals will decrease by 58% to 78% in 2020. A recent survey indicated that a large percentage of accommodation businesses did not believe they would survive the pandemic.
Significant retrenchments have already taken place. Many accommodation establishments are taking forward bookings for when the tourism industry opens up again.
Key Topics Covered:
1. Introduction
2. Description of the Industry
2.1. Industry Value Chain
2.2. Geographic Position
3. Size of the Industry
4. State of the Industry
4.1. Local
4.1.1. Regulations
4.1.2. Corporate Actions
4.1.3. Government Initiatives
4.1.4. Enterprise Development and Social Economic Development
4.2. Continental
4.3. International
5. Influencing Factors
5.1. Coronavirus
5.2. Economic Environment
5.3. Cyclicality
5.4. Environmental Concerns
5.5. Rising Operating Costs
5.6. Airline Woes
5.7. Sharing Economy
5.8. Terms and Conditions
5.9. Crime, Physical Security and Cybersecurity
5.10. Land Reform
5.11. Information Technology (IT), Research and Development (R&D) and Innovation
5.12. Labour
6. Competition
6.1. Barriers to Entry
7. SWOT Analysis
8. Outlook
9. Industry Associations
10. References
10.1. Publications
10.2. Websites
Appendix
- Summary of Notable Players
- Company Profiles
- Accorhotels South Africa (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
- Bon Hotels (Pty) Ltd
- City Lodge Hotels 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
- 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
- Legacy Hotels and Resorts (Pty) Ltd
- Legend Hospitality Group (Pty) Ltd
- M I H Ventures (Pty) Ltd
- Marriott International Inc
- More Family Collection (Pty) Ltd
- Newmark Hotels (Pty) Ltd
- One and Only Cape Town (Rf) (Pty) Ltd
- Onomo International LLC
- Orion Hotels and Resorts (Pty) Ltd
- Oxford Rosebank Hotel Services (Pty) Ltd
- Peermont Global (Pty) Ltd
- Premier Hotels and Resorts (Pty) Ltd
- Radisson Hospitality South Africa (Pty) Ltd
- South African National Parks
- Sun International Ltd
- Tintswalo Classic Collection (Pty) Ltd
- Tourvest Holdings (Pty) Ltd
- Tsogo Sun Hotels Ltd
- Valor Hospitality Partners Africa (Pty) Ltd
- Vexicure (Pty) Ltd
- Wilderness Holdings Ltd
For more information about this report visit https://www.researchandmarkets.com/r/v5stlu