The hospitality industry is flourishing, says Pam Golding Hospitality CEO, Joop Demes.

Demes puts down the industry’s success, given the global credit crunch, to 91 % of hotel beds being sold to visitors from Africa, according to TravelHub.   The local economy’s strong liquidity and the World Cup 2010 are two strengths giving the country a global competitive advantage, he said

Revenue per available Room increased nationally by 10 % between 2007 and 2008, it rising in the Gauteng 3, 4 and 5 star accommodation market by as much as 23 %.