Outlook for September 2024 and October 2024
Anticipated performance for the two month period of September 2024 and October 2024 summarized as follows:
September 2024
- Occupancy: 67.3 % compared 65.2% projected a month ago
- Average room rate: R2066 compared to R1731 projected average room rate registered a month ago
- Revenue per available room: R1389 compared to R1129 projected a month ago.
October 2024
- Occupancy: 70.9%
- Average room rate: R2418
- Revenue per available room: R1713
Expectations registered by participating members segmented by accommodation type (Hotel) and accommodation standard is illustrated below:
Rolling 12 month performance
The charts below illustrate actual performance registered in each month over a rolling 12 month period
The chart below illustrates actual performance segmented by market demand segment registered in each month over the rolling 12 month period.
Above report summarizes the outcome of the Cape Town tourism accommodation performance based on a survey conducted in September 2024 detailing the aggregate result for each indicator.
Adapted from https://horwathhtl.com/
