Jo­han­nes­burg

Tourism Tattler - - BUSINESS & FINANCE -

For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/South_Africa_-_Jo­han­nes­burg In Jo­han­nes­burg, Ho­tel es­tab­lish­ments ex­pe­ri­enced a de­crease RevPAR in 2016 due to over­sup­ply in rooms and an in­crease in con­sumer price in­fla­tion which means that Rev­enue Man­agers can­not push the rates too high. But a pre­dicted in­crease in av­er­age rate and value per room in 2017 show that the mar­ket is pick­ing up again and the over­sup­ply will slowly be ab­sorbed over time.The big­gest South Amer­ica air­line com­pany, LATAM Air­lines, launched a di­rect flight be­tween São Paulo and Jo­han­nes­burg in Oc­to­ber 2016 of­fer­ing three flights weekly, tap­ping into the op­por­tu­ni­ties that the busi­ness hub of South Africa holds. Fur­ther­more, Mi­nor Ho­tels, the ma­jor grow­ing brand in Africa, opened their re­gional of­fice in Jo­han­nes­burg and the Hy­att Re­gency got sold for 36 mil­lion US$ in Feb 2017 which shows in­ter­est in the coun­try.

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