Growth of hotel room revenue in South Africa 2012-2023
In 2018, the hotel room revenue in South Africa grew by 0.5 percent, down from a growth rate of 4.6 percent the previous year. During the period under review, the growth of hotel room revenue fluctuated drastically. However, it remained positive, indicating that revenue from hotel rooms increased yearly in the country. In 2013, the peak of revenue growth can be recognized at 14.6 percent, while the trough was at a growth rate of 0.4 percent and was forecast to occur in 2019.