News

The State Of The South African Leisure Industry

PricewaterhouseCoopers (PwC) releases regular reports on the state of the leisure industry in Africa and the last report was released in 2014 titled “Hospitality Outlook: 2014 – 2018”. In this edition, Nikki Forster, Director of Hospitality writes: “In the South African market, overall spending on rooms in all categories rose 14% in 2013 to R17.3 billion, reflecting an increase in stay unit nights and an 8.4% rise in the average room rate.”

The report also goes on to state that domestic travel improved in 2013 with a 2.4% increase following an 8.5% decline in 2012. The weakening rand also provided a lift for domestic travel as some people substituted a vacation abroad, which had become more expensive because of the depreciating rand, for a local holiday.

In light of these facts – both increased overnight rates and the condition of the rand – it makes sense to consider investing in local holiday options with the possibility of international travel paid for in rand. 

With The Holiday Club™, you only pay an annual Membership and Reservation fee. This means smart financial planning on your behalf as you pay for your holiday in Points (purchased at the beginning of your Membership which can be added onto at any time). International holidays are also paid for in Points and attract a minimal exchange fee (currently R2599 per full week stay). 

To find out more about how you can join The Holiday Club™, contact us today for an obligation-free discussion with one of our accredited sales agents.