The Accommodation Industry in South Africa 2023: Student Accommodation Gains Traction and Presents Opportunities

News provided by

Apr 10, 2023, 19:00 ET

DUBLIN, April 10, 2023 /PRNewswire/ -- The "The Accommodation Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

The Accommodation Industry in South Africa

The tourism accommodation industry, one of the sectors hardest hit by lockdown restrictions, is in recovery. Tourist accommodation income increased by more than 60% year on year in 2022.

Role players are doing well despite energy costs, power cuts, pressure on the discretionary spending of travellers and occupancy still generally lower than pre-pandemic levels. The United Nations World Tourism Organisation expects the sector to return to pre-crisis levels in 2023.

Key Trends and Challenges

There is increased demand for apartment hotel accommodation and longer stays as people combine working remotely with travel. Last-minute bookings have increased, and hotels are using technology for guests to check in, order food, and control in-room features. The power crisis has a huge impact on the industry, especially smaller establishments, as most do not have their own generators or inverters. Most large hotels have installed generators, but these don't cover all amenities such as lifts. The high crime rate and the harassment of international tourists is a major threat to tourism.

Student Accommodation

Student accommodation is a growing subsector as the shortage of student accommodation has long been a challenge for the higher education sector. The Department of Higher Education and Training said there is a shortage of over 400,000 beds for students at public tertiary institutions, with rural-based institutions being the most affected. Demand for student accommodation is resulting in increasing private sector participation.

Report Coverage

This report focuses on tourism and student accommodation in South Africa. It includes information on the state of tourism, occupancies, influencing factors, notable players, corporate actions and developments. There are profiles of 48 companies including International companies such as Accor and InterContinental, major local players such as Southern Sun, Sun International and City Lodge, and companies operating in the student accommodation subsector such as CampusKey and Citiq.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. Loadshedding
6.2. Economic Environment
6.3. Input Costs
6.4. Safety and Security
6.5. Labour
6.6. Environmental Issues
6.7. Technology, R&D, Innovation
6.8. Government Support

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

APPENDIX

Summary of Notable Players

Companies Mentioned

Accorhotels South Africa (Pty) Ltd
Adowa Property Managers (Pty) Ltd
African Elite Properties (Pty) Ltd
African Sky Hotels and Resorts (Pty) Ltd
An African Anthology (Pty) Ltd
And Beyond South Africa (Pty) Ltd
Archers Zanzibar Ltd
BON Hotels (Pty) Ltd
CampusKey (Pty) Ltd
Capital Apartments and Hotels (Pty) Ltd (The)
Citiq Students (Pty) Ltd
City Lodge Hotels Ltd
CLHG Mozambique Lda
CLHG Tanzania Ltd
Club Mykonos Management (Pty) Ltd
Cradle Boutique Hotel (Pty) Ltd
Extraordinary Resorts Holdings SA (Pty) Ltd
Forever Resorts (Pty) Ltd
Good Hope Palace Hotels (Pty) Ltd
Gooderson Leisure Corporation (Pty) Ltd
Growthpoint Properties Ltd
Hilton Worldwide Holdings Inc
Hunter Hotels (Pty) Ltd
IFA Hotels and Resorts Ltd
InterContinental Hotels Group PLC
Kat Leisure (Pty) Ltd
Kharafi Hospitality (Pty) Ltd
Lavado Holdings BV
Legacy Hotels and Resorts (Pty) Ltd
Legend Hospitality Group (Pty) Ltd
M I H Ventures (Pty) Ltd
Marriott International Inc
Millat Investments (Pty) Ltd
Minor Hotel Group Gaborone (Pty) Ltd (The)
MORE Family Collection (Pty) Ltd
Newmark Hotels (Pty) Ltd
Ngorongoro Crater Lodge Ltd
One and Only Cape Town (RF) (Pty) Ltd
ONOMO International LLC
Orion Hotels and Resorts (South Africa) (Pty) Ltd
Peermont Global (Pty) Ltd
Premier Hotels and Resorts (Pty) Ltd
Pulse Property Group (Pty) Ltd
Radisson Hospitality South Africa (Pty) Ltd
Respublica Group (Pty) Ltd
South African National Parks
South African Student Accommodation Impact Investments (Pty) Ltd
South Point Management Services (Pty) Ltd
Southern Sun Ltd
Stag African Observatory (Pty) Ltd
Sun International Chile Lda
Sun International Ltd
Sun Latam SpA
Tintswalo Classic Collection (Pty) Ltd
Tourvest Holdings (Pty) Ltd
TsogoSure Insurance Co Ltd
Valor Hospitality Partners Africa (Pty) Ltd
Vexicure (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/rieuzo

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets