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Luxury Hotels in South Africa

  • ID: 4461148
  • Report
  • March 2021
  • Region: South Africa, Africa
  • 19 pages
  • Euromonitor International
Luxury hotels saw a double-digit current value decline in 2020. Interprovincial and international restrictions due to the COVID-19 lockdown to stop the spread of the virus led to a reduction in the travel and tourism industry, which was limited to business travel. As a result, luxury hotels were under pressure, with sales not reaching the level seen in 2019, impacting the overall incomes and profits of luxury hotels. This placed hotels such as the Hilton at the point of temporary closure.

The Luxury Hotels in South Africa report offers a comprehensive guide to the size and shape of the Luxury Hotels market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Hotels retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Luxury Hotels market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
KEY DATA FINDINGS

2020 IMPACT
  • International and interprovincial travel restrictions lead to decline
  • Hotel vacancies rise despite use for COVID-19 isolation
  • Staff layoffs and pay cuts are the new reality as hotels struggle to make ends meet
RECOVERY AND OPPORTUNITIES
  • Innovative and local solutions needed to prevent permanent hotel closures
  • Reassessment of travel culture could drive growth in luxury hotels
  • Hotel packages catering to middle-income local audiences could help with survival
CATEGORY DATA
  • Table 1 Sales in Luxury Hotels: Value 2015-2020
  • Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
  • Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
  • Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
  • Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
  • Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
  • Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025
EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?
MARKET INDICATORS
  • Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
  • Table 9 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources

Note: Product cover images may vary from those shown
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