{"id":3696,"date":"2009-08-24T00:12:57","date_gmt":"2009-08-23T22:12:57","guid":{"rendered":"http:\/\/www.whalecottage.com\/blog\/?p=3696"},"modified":"2009-08-24T00:14:09","modified_gmt":"2009-08-23T22:14:09","slug":"hotels-in-the-crunch-due-to-credit-crunch","status":"publish","type":"post","link":"https:\/\/www.chrisvonulmenstein.com\/blog\/cape-town\/hotels-in-the-crunch-due-to-credit-crunch\/","title":{"rendered":"Hotels in the crunch due to credit crunch"},"content":{"rendered":"

\"\"<\/a>Statistics SA has confirmed what all in the hospitality industry have been experiencing – income from accommodation fell by 5 % in the April – June period compared to a year ago, reports the Weekend Argus<\/strong>.<\/p>\n

Had the Confederations Cup and the British and Irish Lions Tour, and to a far lesser extent the IPL,\u00a0not taken place in this quarter, the drop in\u00a0accommodation revenue\u00a0would have been even greater.\u00a0 June showed positive growth of 6 % on average, compared to the negative growth in April and May, proving that the IPL did not live up to its promised contribution to the economy and protection against the recession!\u00a0\u00a0 June has been the only positive growth month this year so far.<\/p>\n

In Cape Town RevPAR (revenue per available room) increased by 14 % in June, the first month in 2009 with a positive figure, based largely on two rugby matches in Cape Town, with rates having been increased to R 880 per room on average over the match days, and occupancy increased to 51 %, the first occupancy increase in the 12-month period.<\/p>\n

Stats SA also records the “number of stay nights” to have decreased by 10 % compared to 2008, with hotel income dropping from R 1,99 billion in the second quarter of 2008 to R 1,86 billion in the second quarter this year, a\u00a07 % decline.\u00a0\u00a0 Guest house income\u00a0grew by 2 %, and that of caravan parks and campsites by 8\u00a0% in the same period.<\/p>\n

Whale Cottage Portfolio : www.whalecottage.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Statistics SA has confirmed what all in the hospitality industry have been experiencing – income from accommodation fell by 5 % in the April – June period compared to a year ago, reports the Weekend Argus. Had the Confederations Cup and the British and Irish Lions Tour, and to a far lesser extent the IPL,\u00a0not […]<\/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":[3,22,21],"tags":[32367,1913,1915,16,348,129,32375,27,1914,1400,591,727,1003,1912,1911,32373],"aioseo_notices":[],"aioseo_head":"\n\t\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\n\t\t