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Profits for tourism accommodation industry up from last year: Stats SA

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Profits for tourism accommodation industry up from last year: Stats SA

In July 2021, all accommodation forms recorded super particular year-on-year grunt in earnings from accommodation.

The greatest year-on-year expand in earnings from accommodation used to be reported by caravan parks and tenting net sites (2,987.5%) and contributing 13 share parts.

Early Newspaper

Profits from accommodation elevated by 589.0% in the three months ended July 2021 when in contrast with the three months ended July 2020.

Stats SA acknowledged the principle contributors to this expand were hotels (457.3%) and “diverse” accommodation (682.6%). Varied accommodation entails hotels, mattress-and-breakfast establishments, self-catering establishments and “diverse” establishments now not in other locations classified.

Seasonally adjusted earnings from accommodation decreased by 36.8% month-on-month in July 2021. The greatest detrimental month-on-month grunt rates were recorded for guest houses and guest farms (-61.6%), hotels (-42.2%) and “diverse” accommodation (-29.6%).

TimesLIVE

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Profits for tourism accommodation industry up from last year: Stats SA