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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in South Africa

Mar 2021

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!

2020 IMPACT

International and interprovincial travel restrictions lead to decline

Luxury hotels saw a double-digit current value decline in 2020. Interprovincial and international restrictions due to the COVID-19 lockdown to stop the spread of the virus led to a reduction in the travel and tourism industry, which was limited to business travel.

Hotel vacancies rise despite use for COVID-19 isolation

Luxury hotels had a high level of vacancies in 2020, largely as a result of reduced travel activity as part of the country’s lockdown rules. The government undertook contractual arrangements with some hotels so that they could be used for patient isolation.

Staff layoffs and pay cuts are the new reality as hotels struggle to make ends meet

Hotels had to resort to cost-cutting measures such as staff pay cuts, and in the worst cases, redundancies, in order to reduce their operational costs. These measures had to be put in place in order to manage the negative impacts brought about by the COVID-19 pandemic on the industry.

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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

KEY DATA FINDINGS

2020 IMPACT

International and interprovincial travel restrictions lead to decline

Hotel vacancies rise despite use for COVID-19 isolation

Staff layoffs and pay cuts are the new reality as hotels struggle to make ends meet

RECOVERY AND OPPORTUNITIES

Innovative and local solutions needed to prevent permanent hotel closures

Reassessment of travel culture could drive growth in luxury hotels

Hotel packages catering to middle-income local audiences could help with survival

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in South Africa

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

International and interprovincial travel restrictions lead to decline

Hotel vacancies rise despite use for COVID-19 isolation

Staff layoffs and pay cuts are the new reality as hotels struggle to make ends meet

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in South Africa - Category analysis

KEY DATA FINDINGS

2020 IMPACT

International and interprovincial travel restrictions lead to decline

Hotel vacancies rise despite use for COVID-19 isolation

Staff layoffs and pay cuts are the new reality as hotels struggle to make ends meet

RECOVERY AND OPPORTUNITIES

Innovative and local solutions needed to prevent permanent hotel closures

Reassessment of travel culture could drive growth in luxury hotels

Hotel packages catering to middle-income local audiences could help with survival

CATEGORY DATA

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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