South Africa Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

South Africa Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

Summary

Hotels & Motels in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.The South African hotels & motels industry had total revenues of $518.4 million in 2021, representing a negative compound annual rate of change (CARC) of 18.7% between 2016 and 2021.Industry consumption volume increased with a CAGR of 0.9% between 2016 and 2021, to reach a total of 1,350 establishments in 2021.With the removal of governmental restrictions, western tourists are returning to country. According to Statistics South Africa, in March 2022, the number of foreign travellers across the country reached 906,996 as compared to 420,893 in March 2021, witnessing a growth of 115.5%.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in South AfricaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in South AfricaLeading company profiles reveal details of key hotels & motels market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the South Africa hotels & motels market with five year forecastsReasons to BuyWhat was the size of the South Africa hotels & motels market by value in 2021?What will be the size of the South Africa hotels & motels market in 2026?What factors are affecting the strength of competition in the South Africa hotels & motels market?How has the market performed over the last five years?What are the main segments that make up South Africa's hotels & motels market?