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Accommodation industry income up 13.8%

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Total income for the accommodation industry for the fourth quarter of 2011 increased by 13.8% compared with the fourth quarter of 2010, figures released on Monday by Statistics South Africa showed.

Total income for the accommodation industry in December 2011 increased by 15.8% compared with December 2010.

Income from accommodation for the fourth quarter of 2011 increased by 14.8% compared with the fourth quarter of 2010. This increase was due to an increase of 10.8% in the number of stay unit nights sold and an increase of 3.6% in the average income per stay unit night sold.

Income from accommodation in December 2011 increased by 18.8% compared with December 2010.

The number of stay units available for the fourth quarter of 2011 decreased by 0.5% compared with the fourth quarter of 2010. The number of stay units available in December 2011 increased by 0.5% compared with December 2010.

The number of stay unit nights sold for the fourth quarter of 2011 increased by 10.8% compared with the fourth quarter of 2010. The number of stay unit nights sold in December 2011 increased by 12.5% compared with December 2010.

Nedbank Corporate Property Finance

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