International leisure market lifts Cape Town’s hotels
STR Global survey shows the Mother City’s hotels continue to experience strong growth in occupancy and rate levels
Cape Town’s hotels continue to be buoyed by its status as an extremely popular tourist destination. Latest hotel figures released by STR Global for the year to December 2016 showed that Cape Town hotels continued to experience strong growth in occupancy and rate levels, demonstrating resilience to the country’s broader economic challenges, HTI Consulting CEO Wayne Troughton said. "Airlift to Cape Town also increased significantly in 2016. The Cape Town Air Access Initiative, a partnership between government, Airports Company SA, Wesgro and airline industries, successfully delivered over 400,000 additional two-way direct seats through route establishment and expansion. An estimated 78% of these new seats were added in 2016. The resultant impact was a 29% increase in international visitor arrivals at Cape Town International Airport (CTIA) for December 2016 when compared to December 2015," said Troughton. The above has had a positive knock-on effect for hotel demand in Cape Town. Durin...
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