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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in South Africa

Feb 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Luxury at an attractive price extends potential consumer base

Both domestic and international travellers frequent South African hotels. However, the high price of luxury hotels often makes them accessible only to a niche group of local travellers, ie high-income earners and the wealthy.

Luxurious yet eco-friendly – South Africa takes a modern approach

South Africa’s reputation as a luxury destination is being further consolidated. South African hotels are regularly featured in the world’s top 50 in Condé Nast Traveller’s Readers’ Choice Awards.

Attracting millennials is the key to success

Millennial travellers look for a unique travel experience, where they can have some exposure to the local language and culture. Their search for an authentic experience, which is different from what they are used to in their home countries, is bringing them to Africa.

COMPETITIVE LANDSCAPE

Business events and tourism push to keep luxury hotels in demand

The predicted steady growth in retail value sales of luxury hotels is likely to come from fast-growing areas in tourism such as meetings, incentives, conferences and exhibitions. More high-profile events are expected to take place in South Africa and demand for luxury hotels to cater to high-end consumers will increase.

South Africa makes visiting easier for internationals

Visa-free agreements for wealthy Middle Eastern countries such as United Arab Emirates have led to increases in tourist numbers from these destinations, as South Africa makes itself more accessible. This has in turn raised demand for luxury hotels and services, as these consumers tend to have higher disposable incomes.

It is more about the whole travel experience

Luxury hotels in South Africa aim to offer the ultimate in comfort and service, and are increasingly focusing on offering their guests an unparalleled experience. Luxury tourists, in particular, are increasingly looking for meaningful experiences in their travel.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

SAMPLES

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Delivery

Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in South Africa with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in South Africa, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in South Africa market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in South Africa?
What are the major brands in South Africa?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in South Africa - Category analysis

HEADLINES

PROSPECTS

Luxury at an attractive price extends potential consumer base

Luxurious yet eco-friendly – South Africa takes a modern approach

Attracting millennials is the key to success

COMPETITIVE LANDSCAPE

Business events and tourism push to keep luxury hotels in demand

South Africa makes visiting easier for internationals

It is more about the whole travel experience

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

A challenging year for luxury goods as economic, competitive and consumer pressures intensify

Luxury goods loses its spark as prices are prioritised

Potential remains for high growth once economy fully recovers

The crowds still head for the multi-brand stores

Sales recovery is expected, while luxury will be redefined by modern lifestyle trends

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in South Africa

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury at an attractive price extends potential consumer base

Luxurious yet eco-friendly – South Africa takes a modern approach

Attracting millennials is the key to success

COMPETITIVE LANDSCAPE

Business events and tourism push to keep luxury hotels in demand

South Africa makes visiting easier for internationals

It is more about the whole travel experience

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in South Africa - Category analysis

HEADLINES

PROSPECTS

Luxury at an attractive price extends potential consumer base

Luxurious yet eco-friendly – South Africa takes a modern approach

Attracting millennials is the key to success

COMPETITIVE LANDSCAPE

Business events and tourism push to keep luxury hotels in demand

South Africa makes visiting easier for internationals

It is more about the whole travel experience

CATEGORY DATA

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

A challenging year for luxury goods as economic, competitive and consumer pressures intensify

Luxury goods loses its spark as prices are prioritised

Potential remains for high growth once economy fully recovers

The crowds still head for the multi-brand stores

Sales recovery is expected, while luxury will be redefined by modern lifestyle trends

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

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