2022 Overview – How are we really doing as South Africa?

As we are moving further and further away from the dreaded lock down and COVID era we are starting to see some normalization within our industry again. Restrictions are being removed, air lift is increasing and in turn we are seeing the occupancies following suit, but how is South Africa really doing compared to the previous years.

Lets start with the now, when looking at the data from January 2022 to May 2022, the average occupancy according the STR was 50%, when looking at the 2022 occupancy journey one can see that the average occupancies remain well under the 2019 recorded occupancies however a massive improvement to 2021 can be seen.

When doing the same comparison to the achieved average rates in South Africa a different picture can be seen, the achieved average rates in 2022 are not only matching but also exceeding that of 2019 average daily rates. The achieved ADR in May 2022 was R1231.32 which was 23.21% higher than 2021 and 6.29% higher than that of the 2019 achieved ADR.

With the average rates growing and the occupancies on a strong upward trajectory everything is pointing in the right direction, the super recovery is in fact already here – are you ready for this recovery?  

ENDS

Media Queries:

Derek Martin

079 731 9589

derek@trevparworld.com

Notes for Editors

ABOUT TREVPAR WORLD

TrevPAR World, founded in 2016 by revolutionary entrepreneur, Derek Martin, is a hospitality data analytics company that specialises in data driven total revenue management and scalable distribution technologies through a myriad of global partners. The Group offers full-service solutions for commercial readiness including total revenue management, channel management, global distribution platform connectivity, central reservations, integrated marketing, and brand development services.

The Groups’ core focus is to optimize property profits by implementing unique strategies that allows owners and operators to track, adjust and improve all performance metrics of their property and all its outlets, in the short and long term.

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