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By Our Reporter
Revenue
per available room (RevPAR), the key hotel industry performance metric, has
grown for 87 consecutive months amid a period of low supply growth and strong
demand, according to global frim Smith
Travel Research (STR) director Thomas Emanuel in his presentation at the Africa
Hotel Investment Forum in South Africa (AHIF).
Using a 12-month moving average and U.S. dollar constant currency to remove the
impact of currency fluctuations, Africa’s RevPAR was up 6.4% to US$67.10 as of
August 2019. Average daily rate (ADR), up 3.3%, has had more of an impact on
that growth than occupancy (+2.9).
“Africa has shown one of the better supply and demand balances on a global
level,” Emanuel said. “The continent’s industry continues to expand alongside
rapidly developing economies and infrastructure, so there is definite
investment opportunity even though finding the right opportunity is
challenging. The prospects of greater supply growth as well as political and
economic instability can also create difficult situations for the region’s
hotel industry moving forward.”
Despite its massive geographical area, Africa has just roughly 5,000 hotels.
Only four countries in Africa offer more than 50,000 rooms:
