Jet set turbocharges South Africa’s hotels
After the horrors of Covid and amid a challenging economy, South Africa’s hotel sector is showing signs of recovery. Occupancies may not be back to pre-pandemic levels, but revenue is up thanks to a rebound in luxury travel
South Africa’s hotels are back in the black as revenue improves and operating efficiencies come into their own — even if occupancies have yet to return to pre-pandemic levels. And while investment in new builds still lags, the owners of landmark properties around the country are spending hundreds of millions on upgrading their offerings.
That’s no great surprise: after the first democratic election there was a slew of investment in travel and tourism as South Africa opened its doors to the world. But the hotels built then are showing their age. And even those built for the 2010 Soccer World Cup are in need of softer nips and tucks...
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