According to PwCs 6th edition Hotels Outlook 2016 2020, revenue from hotel room accommodation in South Africa rose 8.1% in 2015 to R14.2 billion, reflecting an increase in stay unit nights and a 6.5% rise in the average room rate.
Despite significantly reducing both overhead and labour costs, hotels in Abu Dhabi were unable to offset the decline in revenue across the major operating departments this month and as a result year-on-year profit per room dropped by 6.9%, according to the latest data from HotStats.
The Under Contract total in Africa represents a 29.1% increase in rooms Under Contract compared with June 2015 and a 31.5% year-over-year increase in rooms In Construction. Africa reported 30,703 rooms in 157 hotels under construction for the month.
From the Africa Hotel Investment Forum in Togo, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it will introduce its Four Points by Sheraton brand in Tanzania with the signing of Four Points By Sheraton Arusha and Four Points by Sheraton Dar es Salaam.
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