StatsSA reveals strong growth in Tourist Accommodation and Food & Beverage sectors in April 2023

Statistics South Africa (StatsSA) has released the April statistics for the Tourist Accommodation and Food and Beverage sectors. Here are the key highlights from April:

Tourist Accommodation – April 2023:

Total income for the tourist accommodation industry increased by 25.8% in April 2023 compared to April 2022, measured in nominal terms (current prices).

Income from accommodation experienced a year-on-year increase of 30.9% in April 2023. This growth can be attributed to a 9.3% increase in the number of stay unit nights sold and a 19.7% increase in the average income per stay unit night sold.

The largest contributors to the 30.9% year-on-year increase in income from accommodation in April 2023 were hotels, accounting for 31.3% and contributing 15.0 percentage points, and other accommodation, which saw a growth of 33.7% and contributed 14.7 percentage points.

Comparing the three months ended April 2023 to the three months ended April 2022, income from accommodation increased by 41.3%. Hotels played a significant role in this growth, experiencing a 45.7% increase and contributing 22.8 percentage points. Other accommodation also contributed with a growth of 39.0% and contributing 16.1 percentage points.

Following a decrease of 1.6% in March 2023, seasonally adjusted income from accommodation increased by 4.2% month-on-month in April 2023.

Read the full report here.

Food & Beverage – April 2023:

Measured in real terms (constant 2019 prices), the total income generated by the food and beverages industry increased by 7.4% in April 2023 compared to April 2022. The highest growth rates were recorded for food sales at 7.6% and bar sales at 6.1%.

In April 2023, the main contributors to the 7.4% year-on-year increase were takeaway and fast-food outlets, which saw a growth rate of 11.0% and contributed 4.1 percentage points. Additionally, restaurants and coffee shops experienced a 5.3% growth and contributed 2.6 percentage points.

Looking at the three months ended April 2023 compared to the same period in the previous year, the food and beverages industry witnessed a total income increase of 9.6%. Restaurants and coffee shops contributed 8.7% to this growth, accounting for 4.2 percentage points, while takeaway and fast-food outlets saw a 9.9% increase and contributed 3.7 percentage points.

After declines of -1.3% in March 2023 and -3.9% in February 2023, seasonally adjusted income for the food and beverages industry rebounded with a 3.8% increase in April 2023 compared to March 2023.

Read the full report here.

These statistics demonstrate the positive trends and growth in the Tourist Accommodation and Food and Beverage sectors during April 2023. The continued increase in income from accommodation and food sales showcases the resilience and recovery of these industries. FEDHASA remains dedicated to supporting and promoting the success of businesses within these sectors and looks forward to continued growth and prosperity in the coming months.

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