{"id":2846,"date":"2009-06-22T00:12:51","date_gmt":"2009-06-21T22:12:51","guid":{"rendered":"http:\/\/www.whalecottage.com\/blog\/?p=2846"},"modified":"2009-07-10T16:51:14","modified_gmt":"2009-07-10T14:51:14","slug":"hotels-forecast-downturn-in-performance","status":"publish","type":"post","link":"https:\/\/www.chrisvonulmenstein.com\/blog\/cape-town\/hotels-forecast-downturn-in-performance\/","title":{"rendered":"Hotels forecast downturn in performance"},"content":{"rendered":"

\"\"<\/a>Hotel representatives in South Africa are less optimistic about their occupancy and financial performance in the second quarter of 2009\u00a0than they were twelve months ago, according to a survey done by Horwath HTL Hotel Performance Confidence Indicator, reports TravelHub<\/strong>.<\/p>\n

A decline in occupancy is expected by 56 % of hoteliers, while 44 % expect a decrease in revenue.\u00a0\u00a0\u00a0\u00a0 However, 52 % indicated that they expected Average Room Rates to increase.\u00a0\u00a0<\/p>\n

Occupancy declines are most likely to\u00a0affect two star hotels (71 %), then 4-star hotels (60 %), 3-star hotels (57 %) and 50 % of 5-star hotels, says the survey.\u00a0\u00a0\u00a0 Smaller boutique hotels are far more confident about occupancy levels than are large 250 + room hotels, which have the lowest level of occupancy confidence.\u00a0\u00a0<\/p>\n

In the Western Cape the occupancy forecast is particularly bleak, given the added problem of seasonality, resulting in between 59 – 70 % of all hotels in the region expecting their occupancy to decrease.\u00a0\u00a0 Also, between 50 – 63 % of all hotels in the province expect decreases in revenue, particularly so at 4- and 5-star level.\u00a0<\/p>\n

Overall, the lower star rated hotels appear to be more confident about raising their Average Room Rates compared to the 5-star hotels, who have the lowest expectation of all star grading categories in doing so.\u00a0\u00a0\u00a0 Revenue declines are most likely to take place at 2-, 3- and 4-star hotels, with 40 % of 5-star hotels being confident that their revenue will not change from last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel representatives in South Africa are less optimistic about their occupancy and financial performance in the second quarter of 2009\u00a0than they were twelve months ago, according to a survey done by Horwath HTL Hotel Performance Confidence Indicator, reports TravelHub. A decline in occupancy is expected by 56 % of hoteliers, while 44 % expect a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[7,3],"tags":[1570,1571,1568,27,591,1569,32388,32387],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t