Statistics South Africa (StatsSA) has shared insights into the performance of South Africa’s tourist accommodation industry for August 2023, providing key findings in their latest report.
In nominal terms (current prices), the total income for the tourist accommodation industry showed a 20.8% increase in August 2023 compared to the same month in 2022.
Breaking it down, income from accommodation experienced a notable 27.3% year-on-year increase in August 2023. This growth is credited to a 10.2% rise in the number of stay unit nights sold and a 15.5% increase in the average income per stay unit night sold.
The significant contributors to the 27.3% year-on-year increase in income from accommodation in August 2023 were hotels, with a 31.5% increase contributing 18.8 percentage points, and other accommodation facilities, showing a 25.0% increase and contributing 8.3 percentage points.
Looking at the broader three-month period ending August 2023, income from accommodation rose by 31.2% compared to the same period in 2022. Hotels played a substantial role, recording a 32.9% increase and contributing 20.0 percentage points, along with other accommodation facilities, which saw a 34.4% increase, contributing 11.0 percentage points.
In terms of seasonally adjusted income from accommodation, there was a 0.7% month-on-month increase in August 2023, rebounding from a 1.5% month-on-month decrease in July 2023. For those interested in further details, the complete publication is available here.
