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Trends to expect in the tourism SME space

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As pandemic restrictions slowly ease, SA’s economy is being imbued with a fresh sense of hope for a better 2022. Recovery after the virus-induced downswing is sorely needed - Statistics South Africa (Stats SA) shows that the total number of liquidations in the country increased by a staggering 46.2% in the second quarter of 2021, compared with the same period the year before.

A 4-star luxury hotel opens in Khayelitsha

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The Spade Boutique Hotel and Spa is a business expansion by prominent Cape Town based family, The Skaaps. Their impressive family business portfolio spans over 14 years in the Cape’s lifestyle and entertainment scene.

Namibian tourism businesses v Hollard Namibia iro BI claims

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Hollard Namibia’s resistance to paying COVID-19 claims puts vulnerable San community and tourism sector in peril. We have turned our attention to Namibia, where Hollard Namibia is refusing to settle Business Interruption claims, placing the San community, the tourism sector and conservation efforts in acute distress.

SURVEY | South Africa records one of the lowest hiring intentions

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According to the latest Employment Outlook Survey, South African employers report limited hiring intentions for the second quarter of 2020. While 8% of employers forecast an increase in payrolls, 5% anticipate a decrease and 85% expect to make no changes. Once the data is adjusted to allow for seasonal variation, the overall outlook for South Africa stands at +2%, unchanged from the previous quarter.

‘Aparthotels’ growing in popularity?

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South Africa’s hotel development market, and specifically Cape Town’s, is showing astounding buoyancy despite a tough economy and the after-effects of the drought. Innovative ways of accommodating corporate and leisure travellers, such as ‘aparthotels’ or serviced apartment-style hotels, are quickly gaining momentum.

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