Key Insights
The South African hospitality industry, valued at $1.36 billion in 2025, is projected to experience steady growth, driven by increasing tourism, both domestic and international, and a rising middle class with increased disposable income. The sector is segmented by hotel type (chain vs. independent) and service level (budget/economy, mid-scale, luxury, and service apartments). While the current market concentration is not explicitly detailed, the presence of major international players like Hilton, Marriott, and InterContinental, alongside regional chains like Radisson and Rotana, suggests a competitive landscape with a mix of established brands and local operators. Factors such as infrastructure development, government tourism initiatives, and improved safety and security contribute positively to market expansion. Conversely, economic instability, fluctuating exchange rates, and potential infrastructural challenges represent headwinds. The forecast period (2025-2033) anticipates a compound annual growth rate (CAGR) of 4.43%, indicating a continuous, though moderate, expansion of the market. This growth is likely to be influenced by the success of initiatives to attract diverse tourist segments, the development of unique tourism experiences, and the adaptation of hotels to evolving guest expectations, including sustainability and technology integration. The strategic focus on enhancing the tourism experience and addressing any potential challenges will ultimately determine the realization of the projected growth trajectory.
Hospitality Industry in South Africa Market Size (In Billion)
The specific regional breakdown within South Africa (e.g., Cape Town vs. Johannesburg) is not provided, but the presence of major international chains indicates a focus on key tourist destinations. Growth is anticipated to be particularly strong in segments catering to budget-conscious travelers and those seeking unique, experiential stays. The success of independent hotels will depend on their ability to compete on price, service, and unique offerings, while established chains will leverage their brand recognition and global networks. The continued development of infrastructure, specifically transportation links to tourist hubs, will play a crucial role in driving accessibility and tourism numbers, subsequently fueling the overall growth of the hospitality industry in South Africa.
Hospitality Industry in South Africa Company Market Share
Hospitality Industry in South Africa: A Comprehensive Market Report (2019-2033)
This in-depth report provides a comprehensive analysis of the South African hospitality industry, offering invaluable insights for investors, industry professionals, and strategic decision-makers. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report meticulously examines market structure, competitive dynamics, industry trends, and future growth potential. The report leverages extensive data analysis to present a clear and actionable understanding of this dynamic sector. The total market size is estimated at ZAR xx Million in 2025.
Hospitality Industry in South Africa Market Structure & Competitive Dynamics
The South African hospitality market exhibits a moderately concentrated structure, with a handful of international and local chains holding significant market share. The market concentration ratio (CR5) is estimated at xx%, indicating the presence of a few dominant players. However, a substantial portion of the market comprises independent hotels, particularly in smaller towns and regions. This segment is characterized by diverse offerings and significant variations in service quality. Innovation in the South African hospitality industry is driven by technological advancements, such as online booking platforms and revenue management systems. The regulatory framework, though generally favorable to investment, requires compliance with various labor and environmental regulations. Product substitutes, such as Airbnb and other short-term rental platforms, are increasingly impacting the traditional hotel market. Consumer preferences are shifting towards experiences, sustainability, and technology-driven solutions. Significant M&A activity has shaped the landscape, with notable transactions including:
- Kasada's acquisition of the Cap Grace Hotel in Cape Town (March 2022): This signifies a growing interest from international investors in the South African hospitality sector. Deal value: xx Million.
- Millat Investments' acquisition of the Winston Hotel in Johannesburg (May 2022): This exemplifies the consolidation trend within the market. Deal value: xx Million.
Hospitality Industry in South Africa Industry Trends & Insights
The South African hospitality market is projected to experience a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This growth is primarily fueled by increasing domestic and international tourism, coupled with rising disposable incomes and infrastructure development. Technological disruptions, such as the rise of online travel agencies (OTAs) and the increasing adoption of mobile booking applications, are transforming how consumers engage with the hospitality industry. Consumer preferences are moving towards personalized experiences, sustainable practices, and technology integration. Competitive dynamics remain intense, with both international and local players vying for market share. Market penetration of chain hotels is expected to increase by xx% by 2033, reflecting their growing dominance in key urban areas. The sector has seen fluctuations due to the impact of the Covid-19 pandemic and other global economic shifts. However, a strong recovery is underway, driven by a renewed interest in travel and tourism.
Dominant Markets & Segments in Hospitality Industry in South Africa
The Gauteng province, encompassing Johannesburg and Pretoria, is the dominant market for the South African hospitality sector, owing to its robust economy and significant concentration of business travelers and tourists. Cape Town, a major tourist destination, also holds substantial market share.
- By Type: Chain hotels hold a larger market share compared to independent hotels, particularly in urban areas. Independent hotels, however, dominate in smaller towns and rural areas, creating a diversified landscape.
- By Segment: The mid-range and upper-mid-range hotel segments are the most significant, reflecting the preferences of a large portion of the market. The luxury segment is growing, driven by high-net-worth individuals and luxury tourists. Budget and economy hotels cater to price-sensitive travelers and constitute a significant but more competitive segment. Service apartments are a niche segment but are witnessing moderate growth driven by longer-stay guests and corporate travelers.
Key drivers for the dominance of these segments include the robust economy in major cities, development of supporting infrastructure, and increasing demand from both business and leisure travelers.
Hospitality Industry in South Africa Product Innovations
The South African hospitality industry is witnessing an increasing adoption of technological innovations, such as smart room technology, AI-powered customer service platforms, and improved revenue management systems. These innovations enhance operational efficiency, personalize customer experiences, and optimize revenue generation. The focus on sustainable practices, including energy-efficient systems and eco-friendly amenities, is also gaining momentum, aligning with evolving consumer preferences. This convergence of technology and sustainability is shaping the future of product offerings in the sector.
Report Segmentation & Scope
This report segments the South African hospitality market based on hotel type (chain and independent) and service segments (budget and economy, mid and upper-mid-scale, luxury, and service apartments). Each segment’s growth projection, market size (in ZAR Millions), and competitive dynamics are analyzed in detail. For example, the luxury segment is projected to grow at a CAGR of xx%, driven by increasing high-net-worth individuals visiting South Africa and improved quality in service offerings. The budget and economy segment while competitive, benefits from the price sensitive travel market and offers a significant proportion of overall market share.
Key Drivers of Hospitality Industry in South Africa Growth
Several factors are driving the growth of the South African hospitality industry:
- Increased tourism: Both domestic and international tourism are increasing, boosting demand for hospitality services.
- Economic growth: Improved economic conditions lead to higher disposable incomes, allowing for increased spending on leisure and travel.
- Infrastructure development: Investments in infrastructure, including airports and transportation networks, enhance accessibility and improve the overall tourist experience.
- Government initiatives: Government support for tourism through marketing campaigns and infrastructure development fosters industry growth.
Challenges in the Hospitality Industry in South Africa Sector
Despite the growth potential, the South African hospitality industry faces several challenges:
- Economic instability: Economic fluctuations and currency volatility can impact tourism and investment.
- Infrastructure limitations: Inadequate infrastructure in some regions restricts the expansion of hospitality services.
- High operating costs: Labor costs and energy prices remain high, impacting profitability.
- Crime and safety concerns: Safety and security concerns can deter both domestic and international tourists. This results in an estimated xx Million ZAR loss annually.
Leading Players in the Hospitality Industry in South Africa Market
- Hilton Worldwide Holdings Inc
- InterContinental Hotels Group
- Melia Hotels International SA
- Best Western Hotels & Resorts
- Radisson Hotels
- Rotana Hotels
- Mangalis Hotel Group
- Hyatt International
- Marriott International Inc
- Accor SA
Key Developments in Hospitality Industry in South Africa Sector
- March 2022: Kasada acquires Cap Grace Hotel in Cape Town, marking its entry into the South African market.
- May 2022: Millat Investments acquires the Winston Hotel in Johannesburg, expanding its portfolio.
Strategic Hospitality Industry in South Africa Market Outlook
The South African hospitality industry presents significant growth opportunities over the forecast period. Strategic investments in technology, sustainability, and customer experience will be crucial for success. Expansion into underserved markets and diversification of offerings will allow businesses to capitalize on emerging trends and capture new market segments. Focusing on improving safety and security will be paramount to increasing domestic and international tourism. The industry's future hinges on successfully navigating economic challenges and capitalizing on growth drivers to become a stronger and more resilient sector within the African continent.
Hospitality Industry in South Africa Segmentation
-
1. Type
- 1.1. Chain Hotels
- 1.2. Independent Hotels
-
2. Segment
- 2.1. Service Apartments
- 2.2. Budget and Economy Hotels
- 2.3. Mid and Upper mid scale Hotels
- 2.4. Luxury Hotels
Hospitality Industry in South Africa Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Hospitality Industry in South Africa Regional Market Share
Geographic Coverage of Hospitality Industry in South Africa
Hospitality Industry in South Africa REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.43% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Tourism in the United Arab Emirates Bolsters the Growth in Hospitality Sector; The Rise in the Mice Industry in the United Arab Emirates Drives the Hospitality Sector
- 3.3. Market Restrains
- 3.3.1. High Rentals in the United Arab Emirates Pose a Restraint to the Hospitality Sector
- 3.4. Market Trends
- 3.4.1. Growth in Tourism Sector in South Africa is Expected to Outpace Hospitality Industry
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chain Hotels
- 5.1.2. Independent Hotels
- 5.2. Market Analysis, Insights and Forecast - by Segment
- 5.2.1. Service Apartments
- 5.2.2. Budget and Economy Hotels
- 5.2.3. Mid and Upper mid scale Hotels
- 5.2.4. Luxury Hotels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chain Hotels
- 6.1.2. Independent Hotels
- 6.2. Market Analysis, Insights and Forecast - by Segment
- 6.2.1. Service Apartments
- 6.2.2. Budget and Economy Hotels
- 6.2.3. Mid and Upper mid scale Hotels
- 6.2.4. Luxury Hotels
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chain Hotels
- 7.1.2. Independent Hotels
- 7.2. Market Analysis, Insights and Forecast - by Segment
- 7.2.1. Service Apartments
- 7.2.2. Budget and Economy Hotels
- 7.2.3. Mid and Upper mid scale Hotels
- 7.2.4. Luxury Hotels
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chain Hotels
- 8.1.2. Independent Hotels
- 8.2. Market Analysis, Insights and Forecast - by Segment
- 8.2.1. Service Apartments
- 8.2.2. Budget and Economy Hotels
- 8.2.3. Mid and Upper mid scale Hotels
- 8.2.4. Luxury Hotels
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chain Hotels
- 9.1.2. Independent Hotels
- 9.2. Market Analysis, Insights and Forecast - by Segment
- 9.2.1. Service Apartments
- 9.2.2. Budget and Economy Hotels
- 9.2.3. Mid and Upper mid scale Hotels
- 9.2.4. Luxury Hotels
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific Hospitality Industry in South Africa Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chain Hotels
- 10.1.2. Independent Hotels
- 10.2. Market Analysis, Insights and Forecast - by Segment
- 10.2.1. Service Apartments
- 10.2.2. Budget and Economy Hotels
- 10.2.3. Mid and Upper mid scale Hotels
- 10.2.4. Luxury Hotels
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Hilton Worldwide Holdings Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 InterContinental Hotels Group
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Melia Hotels International SA
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 6 COMPETITVE INTELLIGENCE6 1 Market Concentration Overview6 2 Company profiles
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Best Western Hotels & Resorts
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Radisson Hotels
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Rotana Hotels
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Mangalis Hotel Group
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Hyatt International**List Not Exhaustive
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Marriott International Inc
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Accor SA
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.1 Hilton Worldwide Holdings Inc
List of Figures
- Figure 1: Global Hospitality Industry in South Africa Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Hospitality Industry in South Africa Revenue (Million), by Type 2025 & 2033
- Figure 3: North America Hospitality Industry in South Africa Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Hospitality Industry in South Africa Revenue (Million), by Segment 2025 & 2033
- Figure 5: North America Hospitality Industry in South Africa Revenue Share (%), by Segment 2025 & 2033
- Figure 6: North America Hospitality Industry in South Africa Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Hospitality Industry in South Africa Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Hospitality Industry in South Africa Revenue (Million), by Type 2025 & 2033
- Figure 9: South America Hospitality Industry in South Africa Revenue Share (%), by Type 2025 & 2033
- Figure 10: South America Hospitality Industry in South Africa Revenue (Million), by Segment 2025 & 2033
- Figure 11: South America Hospitality Industry in South Africa Revenue Share (%), by Segment 2025 & 2033
- Figure 12: South America Hospitality Industry in South Africa Revenue (Million), by Country 2025 & 2033
- Figure 13: South America Hospitality Industry in South Africa Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Hospitality Industry in South Africa Revenue (Million), by Type 2025 & 2033
- Figure 15: Europe Hospitality Industry in South Africa Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Hospitality Industry in South Africa Revenue (Million), by Segment 2025 & 2033
- Figure 17: Europe Hospitality Industry in South Africa Revenue Share (%), by Segment 2025 & 2033
- Figure 18: Europe Hospitality Industry in South Africa Revenue (Million), by Country 2025 & 2033
- Figure 19: Europe Hospitality Industry in South Africa Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Hospitality Industry in South Africa Revenue (Million), by Type 2025 & 2033
- Figure 21: Middle East & Africa Hospitality Industry in South Africa Revenue Share (%), by Type 2025 & 2033
- Figure 22: Middle East & Africa Hospitality Industry in South Africa Revenue (Million), by Segment 2025 & 2033
- Figure 23: Middle East & Africa Hospitality Industry in South Africa Revenue Share (%), by Segment 2025 & 2033
- Figure 24: Middle East & Africa Hospitality Industry in South Africa Revenue (Million), by Country 2025 & 2033
- Figure 25: Middle East & Africa Hospitality Industry in South Africa Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Hospitality Industry in South Africa Revenue (Million), by Type 2025 & 2033
- Figure 27: Asia Pacific Hospitality Industry in South Africa Revenue Share (%), by Type 2025 & 2033
- Figure 28: Asia Pacific Hospitality Industry in South Africa Revenue (Million), by Segment 2025 & 2033
- Figure 29: Asia Pacific Hospitality Industry in South Africa Revenue Share (%), by Segment 2025 & 2033
- Figure 30: Asia Pacific Hospitality Industry in South Africa Revenue (Million), by Country 2025 & 2033
- Figure 31: Asia Pacific Hospitality Industry in South Africa Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 3: Global Hospitality Industry in South Africa Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 6: Global Hospitality Industry in South Africa Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 12: Global Hospitality Industry in South Africa Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Brazil Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: Argentina Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 17: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 18: Global Hospitality Industry in South Africa Revenue Million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Germany Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: France Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Italy Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Spain Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Russia Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Benelux Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Nordics Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 29: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 30: Global Hospitality Industry in South Africa Revenue Million Forecast, by Country 2020 & 2033
- Table 31: Turkey Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Israel Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: GCC Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: North Africa Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 37: Global Hospitality Industry in South Africa Revenue Million Forecast, by Type 2020 & 2033
- Table 38: Global Hospitality Industry in South Africa Revenue Million Forecast, by Segment 2020 & 2033
- Table 39: Global Hospitality Industry in South Africa Revenue Million Forecast, by Country 2020 & 2033
- Table 40: China Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 41: India Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: Japan Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 43: South Korea Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 45: Oceania Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Hospitality Industry in South Africa Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Hospitality Industry in South Africa?
The projected CAGR is approximately 4.43%.
2. Which companies are prominent players in the Hospitality Industry in South Africa?
Key companies in the market include Hilton Worldwide Holdings Inc, InterContinental Hotels Group, Melia Hotels International SA, 6 COMPETITVE INTELLIGENCE6 1 Market Concentration Overview6 2 Company profiles, Best Western Hotels & Resorts, Radisson Hotels, Rotana Hotels, Mangalis Hotel Group, Hyatt International**List Not Exhaustive, Marriott International Inc, Accor SA.
3. What are the main segments of the Hospitality Industry in South Africa?
The market segments include Type, Segment.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.36 Million as of 2022.
5. What are some drivers contributing to market growth?
Rising Tourism in the United Arab Emirates Bolsters the Growth in Hospitality Sector; The Rise in the Mice Industry in the United Arab Emirates Drives the Hospitality Sector.
6. What are the notable trends driving market growth?
Growth in Tourism Sector in South Africa is Expected to Outpace Hospitality Industry.
7. Are there any restraints impacting market growth?
High Rentals in the United Arab Emirates Pose a Restraint to the Hospitality Sector.
8. Can you provide examples of recent developments in the market?
In March 2022, Kasada announced the purchase of the Cap Grace Hotel in Cape Town, South Africa. Kasada's hotel acquisition marks the company's first foray into the South African hotel operator market. It also helps Kasada's strategy of expanding into all major cities in Sub-Saharan Africa.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Hospitality Industry in South Africa," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Hospitality Industry in South Africa report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Hospitality Industry in South Africa?
To stay informed about further developments, trends, and reports in the Hospitality Industry in South Africa, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence