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Subscribe to our
bi-monthly
HPASA newsletter. |
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The HPASA
Partnership provides property investors and hospitality
business owners with the advantage of having access
to information straight from hospitality industry
consultants, Pam Golding Hospitality, which
is comprised of three premier groups: Pam Golding Hotels,
Pam Golding Lodges & Guesthouses and Pam Golding
Hospitality & Tourism Consulting.
Founded in 1997, Pam Golding Hospitality, a market
leader in the South African hospitality industry,
offers a service that is instrumental in highlighting
them as prime property investment consultants.
The group of hospitality property consultants deliver
practical solutions and client specific advice
through these three specialised companies, each focusing
on a specific sector of the hospitality industry. |
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Pam Golding
Hospitality |
| The core business of Pam
Golding Hospitality is the enabling of smooth
business dealings within the hospitality industry.
As property investment consultants
they also assist with operator procurement. In terms
of capital value of transactions facilitated in the
Southern African hospitality industry, this division
has now passed the R6 billion mark; a very impressive
feat. |
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Pam Golding
Hotels |
| Pam Golding Hotels are a
market leader in property
investment in the servicing of the corporate
hotel market of South Africa and the Indian Ocean. They
specialise in hotel investment operations, development,
the raising of capital as well as operator procurement.
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Pam Golding
Lodges And Guesthouses |
| Pam Golding Lodges and Guesthouses
hospitality property consultants service the
thriving South African market of Game Lodges,
Guesthouses as well as Boutique Hotels up to approximately
45 rooms. These hospitality industry consultants lead
their niche marketplace and host offices in Somerset
West, Durban, Port Elizabeth and Knysna. |
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Pam Golding Tourism
And Hospitality Consulting |
Pam Golding Tourism and
Hospitality Consulting is a group of hospitality industry
consultants who are quickly moving towards
being the leading organisation in South Africa
for general consulting within the tourism and hospitality
industry.
Subscribe
to the bi-monthly newsletter, with expert advice from
these trusted hospitality property consultants.
Read more below on the latest news in hospitality
property trends.
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April 2013
THE NEW INTEGRATED ZONING
SCHEME FOR CAPE TOWN AND ITS IMPACT ON GUESTHOUSES
AND BED AND BREAKFAST ESTABLISHMENTS
By Cheri Hughes LLB (Stell)
MBA (UCT), Senior Consultant, PGLAG |
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| The City of Cape Town’s new
integrated zoning scheme came into effect on 1
March 2013. From this date, a single and common
zoning scheme for the entire metropolitan area
will replace the 27 zoning schemes applicable
in various parts of the metropole up until this
date. |
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In our experience, there has always
been an element of uncertainty when
it came to land use rights and it
is the goal of this article to provide
some clarity to guesthouse and bed
and breakfast (B&B) owners with
regards to the rules set out by the
new zoning scheme. For the purpose
of this article we will only focus
on guesthouses and B&B’s.
In our day-to-day conversations, the
words “guesthouse” and
“B&B” are often used
interchangeable. There is however,
a significant difference between the
two and knowing and understanding
this difference is a key to understanding
the rest of the zoning scheme and
its applicability to your establishment.
Bed and Breakfast |
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February 2013
INSIGHT INTO THE HOSPITALITY
MARKET AND REFLECTION ON 2012
An interview with Joop Demes,
CEO Pam Golding Hospitality |
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For
this article we interviewed Joop Demes,
CEO of Pam Golding Hospitality (‘PGH’),
and asked him to reflect on the 2012
performance and the future of the
three divisions that form part of
PGH as well as the state of the South
African Hotel Industry.
Pam Golding Hotels
Say Demes, “Liquidity
for medium to large transactions in
South Africa remains a challenge but
there is, at the same time, a growing
appetite, mainly from foreign investors,
for South African Hotels that are
well priced and are situated in key
locations.”
•
Westcliff Hotel - SOLD
“An illustrative example of
this in 2012 was our successful facilitation
of the sale of the well-known Westcliff
Hotel in Johannesburg. Selling prices
for quite a number of hotels on our
books reflect on average a 35% to
45% discount compared to replacement
value.”
With a South African Hotel market
that experienced an overall RevPAR
increase of 10,5% during 2012 compared
to 2011, Demes expects an increased
activity in South Africa regarding
a number of well-priced BBEE transactions
as well as time share developers who
are increasing their search for well-priced
existing Hotels. |
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December | January 2013
YEARNING
FOR A BETTER LIFE-IN-STYLE? |
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Why you should
consider the acquisition of a guesthouse
or boutique hotel
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| 1. |
Follow your dream
in an attractive industry with
a business that is relatively
easy to manage |
| 2. |
It is a great
Life-in-Style investment keeping
you busy but with lots of spare
time |
| 3. |
It is a property
investment often in a beautiful
part of the county on excellent
locations |
| 4. |
Living expenses are covered
by the business |
| 5. |
Opportunity to provide your
children with a job and a business
prospect |
The 2012 RevPAR figures show
solid growth and the prospects for
the next 3-5 years are looking very
good - see
latest STR reports and the July 2012
Hospitality Outlook report prepared
by PricewaterhouseCoopers here
(Source: www.pwc.co.za)
|
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Peter
Bruil
Pam Golding Hospitality |
|
Who are we?
Pam Golding Lodges and Guesthouses (PGLAG),
who are the undisputed market leaders, offer
far more than just broking services. PGLAG
is the one-stop-shop where the prospective
buyer is offered advice not only on the
configuration of the property but also about
the legal structuring of the various owning
entities, tax efficient company set-up,
local business and market environment, licencing,
staffing matters, risk analysis and adequate
efficient covering of this, immigration
and work permit matters and repatriation
of funds.
HPASA Partnership
– what’s so special?
PGLAG is a proud member of the Hospitality
Partners Association of South Africa (“HPASA”).
This Partnership sets PGLAG further apart
from any other broking firm on the continent.
The partnership is made
up of the following highly reputable industry
specialists: |
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October 2012
SUB-SAHARAN
AFRICA’S HOTEL INDUSTRY POISED FOR GROWTH |
The outlook for the hotel industry
in Sub-Saharan Africa looks increasingly positive,
with potential growth of 7-15% in RevPAR (revenue
per available room) expected for 2012 compared
with 2011 - which augurs well for the future of
the industry in the region, said Joop Demes, CEO
of Pam Golding Hospitality, a member of the Pam
Golding Property group.
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Joop
Demes
CEO
Pam Golding Hospitality |
|
US
Asia Growth and European Decline
Speaking at the Africa Property Invest
Summit in Johannesburg (4 & 5
September 2012), Demes said this is
almost double the growth anticipated
for America and Asia. “According
to a recent report by Goldman Sachs,
growth in 2012 RevPAR in America and
Asia’s hotel industry is forecast
at around 5-7%. In further contrast,
in Europe overall 2012 RevPAR is expected
to be flat with a decline of 2-4%
in a number of South European countries
such as Italy, Portugal, Spain and
Greece.
South African Growth
“Compared with the same
trading period in 2011, the South
African STR results for July 2012
reflect an overall year to date RevPAR
growth of between 9.8% for 3-Star
hotels up to 12.6 % for 5-Star hotels.
In addition, the July year to date
occupancy of 57.7 % in South Africa
compares well with America’s
forecast of 60% in 2012. Furthermore,
in regard to South African hotels,
the July 2012 PricewaterhouseCoopers
Hospitality Outlook publication forecasts
a growth of 14.4% in 2012 RevPAR,
while also predicting a compound 8.7
% annual growth rate in RevPAR from
2012 to 2016.” |
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August 2012
THE
COST OF GENERATING DEMAND AND ITS EFFECT ON THE
SA HOTEL INDUSTRY
Prepared by Kamil Abdul-Karrim, Managing
Director - PAM GOLDING Tourism & Hospitality
Consulting (Pty) LTD |
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Kamil
Abdul-Karrim
Managing Director - PAM GOLDING
Tourism & Hospitality Consulting
(Pty) LTD |
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The
South African Hotel Industry, having
come through its worst trading cycle
in recent times from the last quarter
of 2008 to the third quarter of 2011,
is beginning to reflect sustainable
signs of recovery with the last three
quarters reflecting year-on-year growth.
While Occupancy remains considerably
below the high levels achieved in
2007, we must analyse the effect on
Supply: Demand to fully understand
the state of the industry currently.
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June 2012
LIFE
STYLE INVESTORS ON THE INCREASE |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
Pam Golding Lodges and Guesthouses,
part of the Pam Golding Hospitality Group,
has started the 2012/2013 financial year
on an extremely positive note following
on the successes in the previous financial
year.
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A
Growing Group
South Africa remains an attractive
destination for foreigners, often
semi-retired, who like to stay active
and enjoy the idea of owning a Guesthouse,
Lodge or small boutique Hotel. We
have adopted a new title for this
growing group of clients and refer
to them as Life Style Investors.
Recent Transactions
Less than four months into the new
financial year, three transactions
have been concluded in Hazyview, Constantia
and Milnerton with an overall investment
of close to R20 million. We are at
a draft contract stage with a further
three transactions worth R25 Million
regarding properties in Gardens, Stellenbosch
and Newlands. All six transactions
involve foreign Investors with clients
from Botswana, Germany, Scotland,
Switzerland and The Netherlands. |
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April 2012
PAM
GOLDING LODGES AND GUESTHOUSES EXPANDING WITH
NEW OFFICE IN GAUTENG. |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
Following an increasing number of
enquiries for guest houses in areas such
as the Western & Eastern Cape and KwaZulu-Natal
from clients residing in Johannesburg and
Pretoria, coupled with an increasing number
of enquiries for the sale of guest houses
and boutique hotels in Gauteng, we are proud
to announce that we are opening our Pam
Golding Lodges and Guesthouses (PGLAG) Gauteng
office on the 2 April 2012.
|
Peter
Bruil
Pam Golding Hospitality |
|
It
has been an interesting and growing
trend to follow the appetite for Guest
Houses, Lodges and Boutique Hotels
– properties that we have labelled
‘lifestyle’ investments
– from countries such as The
Netherlands, Belgium, Germany, Switzerland
and Italy.
We are currently dealing with 15 foreign
Buyers. These clients have all taken
the time to travel, often more than
once, to South Africa, and with our
experienced Consultants, have visited
a variety of properties that we have
for sale throughout South Africa.
The steady increase in Buyers from
Gauteng is also starting to show a
familiar pattern or trend as we are
quite often dealing with a family
where ‘Mum & Dad’
are typically in their fifties. |
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October 2011
EDITOR JEFF WEINSTEIN INTERVIEWS PAM GOLDING HOSPITALITY’S
JOOP DEMES AND KAMIL ADUL-KARRIM.
Hotels Magazine's Editor Jeff Weinstein
interviewed Pam Golding Hospitality’s Joop
Demes [jd] and Kamil Adul-Karrim (kk) on 30th
August2011 on the state of the hotel industry
in South Africa. This is a must-read! |
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Joop
Demes
CEO, Pam Golding Hospitality
|
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ABOUT
JOOP DEMES
Joop Demes, is a Chartered
Accountant by profession with 25 years
of hands-on experience at top executive
level in the Southern African hospitality
and leisure industry. Founder
shareholder and CEO of Pam
Golding Hospitality and Managing
Director of Pam Golding Hotels,
which he started in 1997, Joop formed
Pam Golding Lodges and Guesthouses
(Pty) Ltd (PGLAG) in 2006 and Pam
Golding Hospitality & Tourism
Consultants (Pty) Ltd (PGHTC)
in 2007.
Key Activities
The key activities of the various
companies within Pam Golding
Hospitality include the facilitation
of transactions in the hotel, lodge
and guesthouse industry together with
operator procurement, raising of finance
and hotel feasibility studies. |
HICA
In 2007 the Tourism Business Council
of South Africa approached Joop
for assistance regarding the formation &
organization of an Investment Conference
specifically designed for Africa. This initiative
resulted in the establishment of HICA, the
Hospitality Investment Conference Africa,
in which Joop played a leading role for
four years in a row.
Value
of Transactions
In 2010, Pam Golding Hospitality
broke the figure of $750 million in terms
of capital value of transactions facilitated
in the African & Indian Ocean Islands
hospitality industry.
Mastermind
Joop has been the mastermind of a number
of successful ‘condominium’
and ‘private residence clubs’
within a Hotel environment, and he consults
internationally in this regard. |
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August 2011
FOREIGN
DEAL FLOW REMAINING STRONG IN SA GUESTHOUSE
MARKET
Prepared by Pam Golding Hospitality
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
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Pam
Golding Lodges and Guesthouses
(‘PGLAG’) continues
to dominate in the South African
guesthouse and lodge industry,
with a fantastic choice of guest
houses and exclusive game lodges
on offer through their specialised
offices in the Cape, Garden
Route, Eastern Cape and KZN.
Noticeable
Trend
It is noticeable that Vendors
have become far more realistic
about their asking prices and
this is particularly applicable
in the areas of the country
that are not necessarily known
as top tourist attractions.
In some instances sales prices
have been reduced up to as much
as 35%.
Areas
Where Guest Houses Continue
To Trade Well
Despite the economic slowdown,
there are pockets in the country
where guest houses continue
to trade well. It is here where
relatively small reductions
in asking prices are applicable.
Areas like Knysna, Stellenbosch,
Franschhoek, Somerset West,
Cape Town – especially
in or around the CBD –
and affluent suburbs of Durban,
Ballito in particular, show
a remarkable resilience in prices,
albeit that also here some small
price adjustments are made.
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June 2011
PROMINENT 5-STAR HOTELS
IN CAPE TOWN INCREASE OCCUPANCIES
Prepared by Pam Golding Hospitality
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
Named as one
of the world’s ‘top
travel destinations’ by
global travel site, TripAdvisor,
Cape Town has once again been
hailed as a prime tourist spot.
The Mother City’s 5-Star
hotel market, however, has recently
been the subject of negative
speculation. Joop Demes, CEO
of Pam Golding Hospitality,
notes how unfortunate this is,
and points out that the wrong
perceptions can be created in
the Cape Town tourism industry.
50% Increase
“What is true is that
despite the fact that over the
past three years the 5-Star
room inventory in Cape Town
has increased in excess of 50%,
a number of prominent 5-Star
hotels have increased occupancies
during 2010 as well as for the
six-month period ended 31 March
2011,” says Joop. This
increase stands to reason that
Cape Town tourism is still thriving
and the hotel management for
these 5-Star establishments
must be doing something right.
Dilution
Joop continues with how Cape
Town tourism is flourishing
despite general hospitality
industry trends : “Anywhere
in the world, hotel markets
seeing such a significant increase
in room inventory will experience
a dilution in overall occupancies,
and Cape Town has been no exception.
This has been exacerbated by
the global and local economic
slowdown, however, overall the
Cape Town 5-Star hotel market
has performed remarkably well
and is in a far better shape
compared to many international
cities and destinations.” |
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April 2011
TOP NEW 5-STAR SHARED
OWNERSHIP PRODUCT LAUNCHED IN CAPE TOWN
Prepared by Pam Golding Hospitality
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
Shared ownership
at the top end of the market
remains a stylish and intelligent
way to own a second or third
residence provided one carefully
selects the correct legal structure
, the right location, a residence
that is part of a deluxe Hotel
environment and a product with
which one can enter in a quality
exchange with top global resorts
& destinations that do provide
availability.
Previous Success
Pam Golding Hotels masterminded
the successful launch of the
Pezula Private Residence Club
in Knysna about four years ago,
a product that sold out within
six weeks and remains the most
popular and up market private
residence club in Africa. |
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February 2011
MAJOR INCREASE IN OCCUPANCY
DEMAND IN CAPE TOWN’S TOP END HOTEL
SECTOR
Prepared by Pam Golding Hospitality
|
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Cape
Grace & One&Only Hotels
“In November 2010 both
the Cape Grace and One&Only
Hotels increased occupancies
by over 45% compared to November
2009.
Furthermore, the Cape Grace’s
November 2010 occupancy was
the highest for any month since
the year 2002 – a notable
achievement in an economy which
is still in an early phase of
recovery. Both these hotels
report strong traction for the
season ahead,” says Demes.
15 on Orange and
Crystal Towers
Both 15 on Orange and Crystal
Towers are trading at occupancy
levels, which are very respectable
for hotels within their first
year of trading in a competitive
urban location.
Cape
Royale Hotel
The Cape Royale Hotel
opened its doors in 2008 and
traded at close to 80% occupancy
in November 2010, barely two
years after opening. |
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December/January 2011
HICA 2010 – FASCINATING!
Prepared by Pam Golding Hospitality
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By Joop
Demes, Pam Golding Hospitality
The highlight of another
great conference was for me
the session that was moderated
by Alex Kyriakidis, the Global
Managing Director of the Deloitte
Tourism, Hospitality & Leisure.
The Debate
Alex was moderating a panel
with world leaders and the debate
was about the state and rapidly
changing market both from a
Consumer’s point of view
and from a Business point of
view. |
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Change Ahead
I was privileged to be invited by
Alex to a private dinner party on
the eve of the conference and to listen
to Alex’s views in terms of
how the Hospitality Industry will
change between now and 2015.
| • |
To be ahead of
the game in 2015 and beyond
companies who are able to understand
the need of new consumers will
have a definite competitive
advantage. |
| • |
Companies will
need to ensure, more than ever,
that they are able to respond
quickly and creatively to new
consumer demands. |
Change in 5 Years
So what is going to change in the
next five years according to Alex.
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October
2010
THE TRUTH OF THE CAPE
TOWN HOTEL INDUSTRY
Prepared by Pam Golding Hospitality
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There has
been quite a bit of confusing
publicity and newspaper reports
about the state of the Hotel
Industry in Cape Town. HBH Editor
made contact with Joop Demes,
CEO of Pam Golding Hospitality,
to find out what the true story
is in and about Cape Town:
Question 1: On
statistics relating to hotels
in Cape Town on their occupancy
rates. Are the amounts of guests
staying at the hotels dropping
or rising? If occupancy rates
are lower than expected what
is the cause?
Answer:
Joop Demes - There
are too many inaccurate reports
about the performance of Hotels
in Cape Town. The latest occupancy
figures available for all Hotels
in Cape Town were published
by STR Global show an overall
room occupancy of 54.5% in Cape
Town for the eight months year
to date that ended 31 August
2010.
This compares to 58% room occupancy
for the same period in 2009.
There is a 6% drop in overall
occupancy but one need to remember
that the overall number of room
available compared to last year
has grown in Cape Town with
7%.
The overall guests making use
of Hotels in Cape Town have
therefore increased compared |
|
to last year and this is despite a
World Cup period that was disappointing
for the Hotels in Cape Town. |
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
August
2010
SURGE IN INTEREST IN
HOSPITALITY ESTABLISHMENTS DURING AND AFTER
THE WORLD CUP AMONG VISITORS
By Peter Bruil, Director Pam Golding
Lodges and Guesthouses (‘PGLAG’) |
| |
 |
Since
the Soccer World Cup kicked
off Pam Golding Lodges and Guesthouses
(PGLAG) – a member of
Pam Golding Hospitality - has
experienced an increasing demand
for guesthouses and boutique
hotels with a surge in enquiries
from local and international
visitors attending the games
in South Africa as well as from
investors who are overseas.
Global Interest
There’s no doubt that
the huge boost in exposure for
South Africa during this event
has drawn increasing global
interest in our hospitality
establishments. During the tournament
we were kept extremely busy
showing various establishments
to Chinese investors from Hong
Kong as well as French investors
visiting Cape Town and the Winelands
during France’s participation
in the World Cup. |
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August
2010
WORLD
CUP HOTEL PERFORMANCE IN SOUTH AFRICA |
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In
conjunction with Pam Golding
Hotels, STR Global have provided
a comprehensive analyses of
Occupancy, Rate and RevPAR providing
a unique opportunity to analyse
hotel performance during the
exact dates of the World Cup
period, 11th June – 11th
July. The results show a picture
of mixed performance among the
various host cities across South
Africa.
Pam
Golding Hotels
Pam Golding Hotels is the South
and Southern African market
leader in hotel investment transactions
and development facilitation. |
Having sold and transacted with many
national and international corporate
and private clients since inception
in 1997, their geographical expertise
extends across Africa and the Indian
Ocean working closely with associates
Savills in the UK, Europe, the Asian
Pacific Rim and the USA offices as
required.
STR Global
STR Global, a market leader in hotel
benchmarking, track supply and demand
data for the hotel industry and provide
valuable market share analysis for
all major international hotel chains
and brands. With tens of thousands
of hotels participating in their hotel
performance surveys, they are the
world’s foremost source of historical
hotel performance trends on daily
and monthly basis and offer the definitive
global hotel database and development
pipeline. |
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June
2010
SOUTH AFRICAN HOTEL
ROOM INVENTORY ANALYSIS
Prepared by PAM GOLDING Tourism &
Hospitality Consulting (Pty.) Ltd. |
| |
One of the
most critical issues facing
the South African Hotel Industry
today is the current accelerated
growth in capacity, admittedly
based extensively on the unprecedented
economic growth over the decade
leading up to the Global contagion
ignited in September 2008, which
resulted in the pent-up demand
for hotel accommodation all
but dissipating in the wake
of the immediate past economic
meltdown.
Conflicting
Viewpoints
While the prevailing capacity
growth in hotel rooms is widely
reported on, there is a considerable
level of conflicting viewpoints
being expressed and the largest
challenge in this regard is
invariably the unsubstantiated
and unspecified basis of these
reports.
A
‘Dog’s Breakfast’
Publications, reports and commentary
on the South African Hotel Industry
Inventory Capacity are fraught
with inaccuracies and misrepresentations,
presenting somewhat of a ‘dog’s
breakfast’ perspective
on one of South Africa’s
hallmark industries that compares
with by far the best the World
has to offer.
An empirically quantified perspective
to the prevailing quagmire of
unsubstantiated, unspecified
and often inaccurate hotel inventory
capacity being published and
presented currently.
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June
2010
SOUTH AFRICA AS AN
INVESTMENT DESTINATION
By Andreas Krensel, Managing Director,
IBN Consulting |
| |
 |
The
world is currently visiting
South Africa, many of them for
their first time. Politicians,
artists and business leaders
use the World Cup to meet each
other.
Golden
Opportunity
The World Cup is a golden opportunity
to prove on the one hand the
pessimists wrong and show that
we can plan, prepare and host
the biggest sporting event of
the world successfully and on
the other hand interest a great
number of visitors in South
Africa, its people and certainly
also in doing business here.
In the recent years South Africa
has already benefited from a
significantly increasing interesting
from foreign investors. |
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
THE
BUSINESS OF HOSPITALITY
By Joop Demes, CEO Pam Golding Hospitality
|
| |
South Africa’s
Hotel Industry performance and
resilience continues to surprise
many despite the industry as
a whole experiencing a 2009
rand value decline in SA Rand
Revpar of 9.8% (revenue per
available room).
City Performance
| • |
A great
performance in the month
of December 2009 for Durban.
SA Rand Revpar was up
16.8% for the month compared
to December 2008, which
in terms of 2009 SA Rand
Revpar percentage change
pushed Durban ahead of
Johannesburg, Cape Town,
Nelspruit and Pretoria.
|
| • |
Durban experienced the
smallest percentage decline
(7.2%) in SA Rand Revpar
during 2009 compared to
2008. |
| • |
The annual decline for
Cape Town was 9.3% and
for Johannesburg 10.7%. |
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
ECONOMIC
AND EMPLOYMENT SPIN-OFFS FROM OVERSEAS GUESTHOUSE
INVESTORS
By Peter Bruil, Director, Pam Golding Lodges
and Guesthouses |
| |
Foreigners who purchase
property in South Africa
in order to relocate often
launch new businesses
here, thereby creating
job opportunities while
injecting much-needed
capital investment into
the country.
Reasons to Relocate
"Such immigrants
often make the decision
to relocate after spending
a holiday in South Africa,
and as many hail from
a successful but hectic
corporate background,
they seek a more relaxed
lifestyle," says
Peter Bruil, a director
of Pam Golding Lodges
& Guesthouses (PGLAG)
– a division of
Pam Golding Hospitality. |
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| DESPITE
RECESSION, LONG TERM OUTLOOK FOR HOTEL INDUSTRY
REMAINS HEALTHY |
| |
| The South African hotel industry
has enjoyed extremely sound
growth from 2002 to 2008, with
double-digit growth over the
past three years (as reported
by Smith Travel Research (STR)
in their SA Hotel Benchmark
Survey), with occupancy levels
over the past four years averaging
at a consistently high 71%. |
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| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| BLACK
ECONOMIC EMPOWERMENT AND THE TOURISM CODE |
| |
The long-awaited Tourism
Sector Code on black
economic empowerment was
published in the Government Gazette
and was effective as of 22
May 2009.
| It
applies to all accommodation,
hospitality, travel and
related services including: |
|
| • |
B&B’s |
| • |
guest houses |
| • |
Game lodges |
| • |
Backpackers |
| • |
Restaurants |
| • |
Professional
catering |
| • |
Tourist
guides, etc |
|
|
 |
|
|
| |
|
| -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
SPOTLIGHT
ON PAM GOLDING HOSPITALITY
'GREEN SHOOTS' EVIDENT IN SA HOSPITALITY
INDUSTRY |
| |
 |
The outlook for the South
African hospitality industry remains positive
and considerably brighter when viewed against
the backdrop of somewhat sobering global
trends, says Joop Demes, CEO of Pam Golding
Hospitality, a specialised hospitality division
within the Pam Golding Property group.
Resilient
"South
Africa's hospitality industry is proving
very resilient amid the global economic
downturn. |
|
| |
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