Stats SA: Income up 5.8% for accommodation

WILL TBI REFLECT THE SAME?

The latest StatsSA Tourist Accommodation Report for February 2017 shows that income (based on current prices) from the accommodation industry increased by 5.8% in February 2017 compared with February 2016. During the period, the types of accommodation that recorded the largest year-on-year growth in income from accommodation were caravan parks and camping sites (24.6%) as well as “other’’ accommodation (8.8%).

It is positive to note that the lesser explored and more affordable accommodation types such as caravan and camping sites grew by up to 24.6% - a signal that travel consumers are price conscious in these challenging economic times but are still willing to go for that needed trip.

Will the upcoming TBCSA Business Index results reflect a similar picture?

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