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The HVI is the authoritative guide to U.S. hotel values, giving hotel stakeholders an educated edge in buying, selling, and holding opportunities. This online tool provides historical and projected values and RevPAR for the South Africa - Cape Town market.
Cape Town has been slowly recovering after the announcement of the suspension of Day zero in 2018 and is expected to grow further in the upcoming years, the upcoming political election will cause unrest in the province due to uncertainties.
With dam levels rising in Cape Town and the city becoming water-wise the threat of ‘Day Zero’ has been pushed out to 2020 or potentially ‘never’. The city now needs to market its comeback and set benchmarks for sustainable tourism destinations.
In line with promoting local tourism in South Africa (locally known as Mzansi), we talk about authentic Township experiences and introduce some remarkable entrepreneurs that have emerged from these so-called “informal” settlements.
Since the resignation of Jacob Zuma, South Africa has a better outlook. Thanks to the improving economic situation and the ease of security concerns, tourism is likely to enjoy continued high demand in the next few years.
The article elucidates the various initiatives adopted by the hotel industry in South Africa's Western Cape, in response to the ongoing drought, in order to mitigate the challenges water scarcity brings to a water intensive enterprise.
2016 was a positive year for the African hotel market, tempered by external factors. What should investors expect in 2017? This article discusses the highlights from 2016 and looks ahead to what can be expected in 2017.