Slow economic growth could hurt hotel revenues
Income grew 16.9% year on year in May compared with 23.7% in April, FNB reports
SA’s hotel sector revenue, which has been showing improvement since dipping to near zero during hard lockdowns in 2020, has recorded a fifth consecutive month of slow growth rate in 2023.
Higher consumer price inflation and interest rates with slowing economic growth are adding pressure on hotel income...
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