Johannesburg, South Africa, experienced double-digit growth in occupancy (+12.1% to 60.9%) and RevPAR (+21.6% to ZAR553.91). ADR in the market was up 8.5% to ZAR909.72 The market’s occupancy was helped by a 2.2% decrease in supply. The depreciation of the South African Rand against the U.S. dollar and inflation has led to 33 consecutive months of year-over-year ADR increases in Johannesburg.
Morocco reported an 8.2% decrease in occupancy to 57.4%, an 8.3% drop in ADR to MAD1,157.28 and a 15.9% drop in RevPAR to MAD664.24.
Source: Hotel News Now