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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in South Africa

Feb 2019

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

International travellers drive sales

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

South Africa remains a luxury destination

South Africa’s reputation as a luxury destination is being further consolidated. In the Virtuoso Luxe Report 2016, South Africa was voted as the third best global destination along with Italy and France.

Shift in consumer behaviour, especially among wealthy millennials

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

Luxury hotels set to grow

The predicted growth in retail value sales of luxury hotels (5-star plus) 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.

New hotel openings

In terms of room supply within luxury hotels, a growing number of new luxury hotels are set to open their doors in South Africa. For example, Carlson Rezidor and Tsogo Sun are planning to open new hotels locally.

Luxury hotels focus on offering unrivalled and unique experiences

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.

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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

International travellers drive sales

South Africa remains a luxury destination

Shift in consumer behaviour, especially among wealthy millennials

COMPETITIVE LANDSCAPE

Luxury hotels set to grow

New hotel openings

Luxury hotels focus on offering unrivalled and unique experiences

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2013-2018
Table 2 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 6 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

Changing market due to macroeconomic conditions and evolving consumer base

Market experiences growth but ongoing decline in dynamism

Luxury goods market remains small in South Africa, with scope for further growth

Multibrand stores remain the main distribution channel

Positive prospects for changing luxury goods market

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Hotels in South Africa

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

International travellers drive sales

South Africa remains a luxury destination

Shift in consumer behaviour, especially among wealthy millennials

COMPETITIVE LANDSCAPE

Luxury hotels set to grow

New hotel openings

Luxury hotels focus on offering unrivalled and unique experiences

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in South Africa - Category analysis

HEADLINES

PROSPECTS

International travellers drive sales

South Africa remains a luxury destination

Shift in consumer behaviour, especially among wealthy millennials

COMPETITIVE LANDSCAPE

Luxury hotels set to grow

New hotel openings

Luxury hotels focus on offering unrivalled and unique experiences

CATEGORY DATA

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

Changing market due to macroeconomic conditions and evolving consumer base

Market experiences growth but ongoing decline in dynamism

Luxury goods market remains small in South Africa, with scope for further growth

Multibrand stores remain the main distribution channel

Positive prospects for changing luxury goods market

MARKET INDICATORS

MARKET DATA

SOURCES

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