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Total income for accommodation industry up 4.6% y/y in December
Total income for SA's tourist accommodation industry (which includes restaurant‚ bar sales and "other" income) rose by 4.6% year on year (y/y) in nominal terms (current prices) in December‚ Statistics SA's tourist accommodation survey released on Monday, 23 February 2015, showed.
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Income from accommodation grew by 3.8% in December 2014 compared with December 2013.
The survey is conducted monthly and covers a sample of public and private enterprises involved in the short-stay accommodation industry‚ with the results used to compile estimates of tourism satellite accounts‚ as well as the gross domestic product.
Stats SA said that income from accommodation increased by 3.8% y/y in December‚ the result of a 0.2% increase in the number of stay-unit nights sold and a 3.6% increase in the average income per stay-unit night sold.
Stats SA describes a stay unit as a unit of accommodation available to be rented out to guests. Examples include a powered site in a caravan park or a hotel room.
The types of accommodation that recorded the highest y/y growth rates in income in December 2014 were guest-houses and guest-farms (18.3%) and caravan parks and camping sites (16.7%).
Income from accommodation increased by 7.2% in the fourth quarter of 2014 compared with the fourth quarter of 2013.
Source: BDpro via I-Net Bridge
Source: I-Net Bridge
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