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Follow on Google News | New market study, "South Africa Tourism Report Q1 2011", has been publishedNew Consumer Goods market report from Business Monitor International: "South Africa Tourism Report Q1 2011"
Hospitality Despite the number of tourist room nights increasing by 15% y-o-y in June 2010, boosted by the World Cup, the latest preliminary data for the hospitality sector for the first nine months of the year make for poor reading. The total number of foreign and domestic tourist room nights in all accommodation establishments fell by 1.4% y-o-y in January-September 2010. Moreover, in July (when the World Cup was still underway for part of the month), August and September, growth was -0.6%, -4.3% and -0.3% respectively, compared with the same months in 2009. Forecast Scenario BMI continues to estimate that growth in foreign tourist arrivals and tourism receipts in 2010 picked up sharply, largely due to South Africa hosting the World Cup, but also as a result of economic recovery in key source markets. Although growth in tourist arrivals reached a particularly strong 20% y-o-y in H110, we anticipated a slowdown in the growth rate for the latter part of the year, with our estimate remaining at 15.0% for the year as a whole. We have also made further upward revisions to our exchange rate forecasts, with the South African rand set to extend its recent gains against the US dollar and the euro. The strength of the rand over the long term will act as a constraint to international tourism. Sun International In its latest financial results, for the quarter ending September 30 2010, South Africa's Sun International reported an 11% y-o-y rise in revenue to ZAR2.2bn. Gaming revenue was up by 10% y-o-y, while revenue from rooms increased by 19% on the same period in 2009, primarily due to the World Cup. Overall group occupancy was 4% lower y-o-y, however, at 65%, but the average room rate increased by 16%. Following the football tournament, the company reported that demand for hotels and resorts weakened, resulting in a fall in revenues y-o-y. Sun International believes that demand in the gaming and hospitality sectors will remain challenging for the foreseeable future. South African Airways During FY09/10, South African Airways (SAA) recorded total group revenue of just under ZAR22.3bn, a decline of nearly 16% y-o-y. For the third year in a row there was negative growth in total passenger traffic, down by over 2% y-o-y to about 6.7mn. Although domestic and international passenger numbers decreased by 6% and 5% y-o-y respectively, regional passenger traffic increased by an 9%. African routes remain the most profitable market segment. Operating costs decreased by more than 14% y-o-y to ZAR21bn, mainly due to lower fuel and aircraft leasing costs. Net profit was ZAR581mn, up by nearly 45% y-o-y. The results were satisfactory, considering a decline in passenger numbers and the continuing challenging conditions for the aviation industry worldwide. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - South Africa Tourism SWOT - South Africa Political SWOT - South Africa Economic SWOT - South Africa Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Arrivals Data, 2007-2015 - Accommodation - Table: Hotels Data, 2007-2015 - Expenditure - Table: Expenditure Data, 2007-2015 - Inbound Tourism - Table: Tourist Arrivals By Region, 2007-2015 - Table: Tourist Arrivals By Country, 2007-2015 - Outbound Tourism - Table: Outbound Tourism Data, 2007-2015 - The 'World Cup Effect' - Table: Key Tourism Source Markets That Participated In The 2010 World Cup Market Overview - Travel - Airports - Commercial Airlines - Special Focus: Jet Fuel Costs - Global Oil Products Price Outlook - Table: Oil Products Price Assumptions, 2010 (US$/bbl) - Table: Oil Product Price Forecasts, 2008-2015 (US$/bbl) Market Overview - Hospitality - Accommodation Developments - Casinos - Table: Key Players In South Africa's Hotel And Gaming Industry - Game Lodges - Regional Case Study: Accor Business Environment Outlook - Table: Middle East And Africa Travel And Tourism Business Environment Ratings - BMI's Security Ratings - Table: Middle East And Africa Defence And Security Ratings - Table: Middle East And Africa State Vulnerability To Terrorism Index - South Africa's Security Ratings - City Terrorism Ratings - Table: BMI's Africa City Terrorism Index - Middle East And Africa Security Overview Special Report: Crime Global Assumptions - Table: Global Assumptions, 2009-2014 - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: BMI And Consensus Forecasts, 2010-2011 (%) - Table: Developed States Real GDP Growth Forecasts, 2009-2012 (%) - Table: Emerging Markets Aggregate Growth, 2009-2012 (%) Company Profiles - South African Airways - Sun International - Southern Sun BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Tourism Ratings - Methodology - Table: Tourism Business Environment Indicators - Table: Weighting Of Components - City Terrorism Ratings - Table: City Terrorism Rating Methodology - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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