Viz Spotlight: State of Tourist Accommodation in South Africa

Will the tourist accommodation sector recover in 2024?

The pandemic significantly affected the tourism industry, especially the tourist accommodation sector. In 2020, income generated by the accommodation sector plummeted by 61.8% compared to 2019. However, revenue has experienced healthy growth since 2022, reaching over R28.9 billion in 2023. We project full recovery by the end of the year.

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