In 2018, the hotel room revenue in South Africa grew by 0.5 percent, down from a growth rate of 4.6 percent the previous year. During the period under review, the growth of hotel room revenue fluctuated drastically. However, it remained positive, indicating that revenue from hotel rooms increased yearly in the country. In 2013, the peak of revenue growth can be recognized at 14.6 percent, while the trough was at a growth rate of 0.4 percent and was forecast to occur in 2019.
Growth of hotel room revenue in South Africa from 2012 to 2023
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Growth rate
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PwC. (June 26, 2019). Growth of hotel room revenue in South Africa from 2012 to 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/
PwC. "Growth of hotel room revenue in South Africa from 2012 to 2023." Chart. June 26, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/
PwC. (2019). Growth of hotel room revenue in South Africa from 2012 to 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/
PwC. "Growth of Hotel Room Revenue in South Africa from 2012 to 2023." Statista, Statista Inc., 26 Jun 2019, https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/
PwC, Growth of hotel room revenue in South Africa from 2012 to 2023 Statista, https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/ (last visited July 22, 2024)
Growth of hotel room revenue in South Africa from 2012 to 2023 [Graph], PwC, June 26, 2019. [Online]. Available: https://www.statista.com/statistics/736919/growth-of-room-revenue-in-south-africa/