Key Insights
The South African hospitality industry, valued at $1.36 billion in 2025, is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 4.43% from 2025 to 2033. This growth is driven by several factors, including increasing inbound tourism fueled by the country's diverse attractions, a rising middle class with increased disposable income for leisure travel, and significant investments in infrastructure development, particularly in key tourism hubs like Cape Town and Kruger National Park. The industry is segmented by hotel type (chain vs. independent) and service level (budget, mid-scale, luxury), with each segment contributing differently to the overall market. While chain hotels like Hilton, Marriott, and InterContinental dominate the market share, independent hotels and boutique establishments are also experiencing growth, catering to niche traveler preferences for unique experiences and personalized service. The rise of service apartments and the continued popularity of budget-friendly options reflect the diverse demands of the South African tourism market. Challenges to the industry include economic volatility affecting consumer spending, the impact of global events on international tourism, and the need for continuous upgrades to infrastructure and services to remain competitive. Sustained growth will depend on addressing these challenges and fostering a supportive environment for investment and innovation within the sector.
Hospitality Industry in South Africa Market Size (In Billion)
The forecast for the South African hospitality market suggests continued expansion throughout the forecast period (2025-2033). Factors contributing to this positive outlook include government initiatives to promote tourism, the development of new attractions and experiences, and continued efforts to improve safety and security for tourists. Competition among established international chains and local hotel groups remains intense, driving improvements in service quality and the development of innovative offerings. The growth of online travel agencies and the increasing influence of digital marketing will continue to shape the competitive landscape. The focus on sustainable tourism practices and environmental responsibility is gaining traction, presenting both opportunities and challenges for hospitality businesses. A diversified approach, catering to the needs of various traveller segments through the offerings of different hotel types and price points will remain crucial for success in this dynamic market.
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, covering market structure, dynamics, key players, and future growth prospects. The study period spans from 2019 to 2033, with 2025 serving as both the base and estimated year. This report is essential for industry professionals, investors, and anyone seeking to understand the complexities and opportunities within this dynamic sector.
Hospitality Industry in South Africa Market Structure & Innovation Trends
This section analyzes the South African hospitality market's competitive landscape, innovation drivers, regulatory environment, and recent mergers and acquisitions (M&A) activity. The market exhibits a moderate level of concentration, with a few major players holding significant market share, while numerous smaller independent hotels and chains also operate. The xx Million market size is influenced by factors like tourism trends, economic conditions, and infrastructural development.
Market Concentration: The top five players (Hilton Worldwide Holdings Inc, InterContinental Hotels Group, Marriott International Inc, Accor SA, and Best Western Hotels & Resorts) hold an estimated xx% market share in 2025, indicating a moderately consolidated market. Smaller players account for the remaining xx%.
Innovation Drivers: Technological advancements, such as online booking platforms and revenue management systems, are driving innovation. Sustainable tourism practices and unique guest experiences are also gaining traction.
Regulatory Framework: Government regulations concerning tourism, licensing, and labor laws significantly impact market operations.
M&A Activity: Significant M&A activity has been observed, including Kasada's acquisition of the Cap Grace Hotel in 2022 (xx Million estimated deal value) and Millat Investments' purchase of the Winston Hotel in the same year (xx Million estimated deal value). These transactions signal a growing investor interest in the South African hospitality sector.
Product Substitutes: The rise of alternative accommodations like Airbnb presents a competitive challenge to traditional hotels.
End-User Demographics: The market caters to diverse demographics, including business travelers, leisure tourists, and local customers.
Hospitality Industry in South Africa Market Dynamics & Trends
This section delves into the market's growth drivers, technological disruptions, evolving consumer preferences, and competitive dynamics. The South African hospitality market is projected to experience a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033), driven by increasing tourism, infrastructure development, and rising disposable incomes.
Technological advancements are transforming customer experiences, with online booking systems, mobile check-in, and personalized services gaining prominence. Consumer preferences are shifting towards unique experiences, sustainable practices, and personalized services. Competitive dynamics are shaped by the entrance of new players, the expansion of existing chains, and the growing competition from alternative accommodations. Market penetration of online booking platforms is estimated at xx% in 2025, with projections for xx% by 2033.
Dominant Regions & Segments in Hospitality Industry in South Africa
This section identifies the leading regions and segments within the South African hospitality market. While data is not available to pinpoint the single most dominant region or segment, we can explore leading factors.
Key Drivers:
- Economic Policies: Government initiatives promoting tourism significantly influence market growth.
- Infrastructure: Investments in airports, roads, and other infrastructure enhance accessibility.
- Tourism Campaigns: Effective marketing campaigns attract both domestic and international tourists.
Dominance Analysis: Major metropolitan areas like Cape Town and Johannesburg are expected to hold the largest market share due to high tourist footfall and business activity. The luxury hotel segment is projected to see robust growth owing to the increasing number of high-net-worth individuals visiting the country.
By Type: Chain hotels are projected to hold a larger market share than independent hotels due to their brand recognition, established distribution networks, and economies of scale.
By Segment: The mid-scale and upper-mid-scale hotel segments are expected to dominate due to their appeal to both business and leisure travelers.
Hospitality Industry in South Africa Product Innovations
The South African hospitality industry is witnessing a surge in product innovation driven by technological advancements and changing consumer preferences. Smart room technology, personalized concierge services via mobile apps, and sustainable practices like water conservation initiatives are becoming increasingly common. This focus on technology and sustainability enhances the overall guest experience and provides competitive advantages for businesses.
Report Scope & Segmentation Analysis
This report segments the South African hospitality market by type (Chain Hotels and Independent Hotels) and by segment (Service Apartments, Budget and Economy Hotels, Mid and Upper mid-scale Hotels, and Luxury Hotels). Each segment's market size, growth projections, and competitive dynamics are analyzed to present a comprehensive view of the market landscape.
Chain Hotels: This segment is expected to exhibit steady growth driven by established brands and economies of scale. xx Million market size in 2025.
Independent Hotels: While smaller, this segment offers unique experiences and caters to niche markets. xx Million market size in 2025.
Service Apartments: This segment is experiencing moderate growth, driven by extended-stay travelers and corporate clients. xx Million market size in 2025.
Budget and Economy Hotels: This segment is highly competitive and driven by price-sensitive travelers. xx Million market size in 2025.
Mid and Upper mid-scale Hotels: This segment is expected to be the largest, catering to a broad range of travelers. xx Million market size in 2025.
Luxury Hotels: This segment is experiencing strong growth driven by increasing high-net-worth travelers and a desire for premium experiences. xx Million market size in 2025.
Key Drivers of Hospitality Industry in South Africa Growth
Several factors are driving the growth of the South African hospitality industry. These include:
Increased Tourism: South Africa's diverse attractions and growing popularity as a tourist destination are key drivers.
Economic Growth: Rising disposable incomes and increased business activity are boosting demand.
Infrastructure Development: Investments in airports, roads, and other infrastructure improve accessibility.
Government Initiatives: Government policies supporting tourism and investment play a significant role.
Technological Advancements: Innovations in technology enhance operational efficiency and improve guest experiences.
Challenges in the Hospitality Industry in South Africa Sector
Despite the growth potential, the South African hospitality industry faces several challenges:
Economic Volatility: Fluctuations in the economy impact tourism spending.
Infrastructure Deficiencies: Gaps in infrastructure, especially in certain regions, hinder growth.
Competition: The industry faces stiff competition from both domestic and international players.
Skills Shortages: A lack of skilled labor poses a significant constraint.
Crime and Safety Concerns: Safety and security issues affect tourist perception.
Emerging Opportunities in Hospitality Industry in South Africa
Several opportunities exist for growth within the South African hospitality sector:
Eco-Tourism: Growing interest in sustainable tourism practices presents opportunities.
Bleisure Travel: Combining business and leisure travel offers a lucrative segment.
Technology Adoption: Integrating new technologies can improve efficiency and customer satisfaction.
Niche Markets: Catering to specific interests like adventure tourism or cultural experiences can drive growth.
Local Partnerships: Collaborations with local businesses can enhance the overall tourism experience.
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 Industry
March 2022: Kasada acquires the Cap Grace Hotel in Cape Town, marking its entry into the South African market.
May 2022: Millat Investments takes over the Winston Hotel in Johannesburg, expanding its hospitality portfolio following the successful Africa Travel Indaba.
Future Outlook for Hospitality Industry in South Africa Market
The South African hospitality industry is poised for continued growth, driven by increasing tourism, infrastructure development, and technological advancements. Strategic investments in sustainable practices, technology integration, and niche market development will be crucial for success. The industry's ability to overcome challenges related to economic volatility and security will significantly influence its future trajectory. The long-term outlook remains positive, with potential for significant expansion and market share growth over the next decade.
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
