The Implications: The expansion of South Africa’s luxury hotel market will appeal to affluent travellers due to their high-end service offerings and amenities. Atzaro Group’s investment in South Africa will be supported by an expansion in arrivals from high income major source markets such as the UK, US, Germany, France, the Netherlands and Australia.
Over 2024, we project South Africa to have 448,330 arrivals from the UK, accounting for 4.3% of total arrivals. The market will have a projected 377,200 arrivals from the US (3.6% of total arrivals) in 2024 and 329,360 arrivals from Germany (3.1% of total arrivals). Arrivals from France and the Netherlands will reach a projected 170,250 (1.6% of total arrivals) and 146,460 (1.4% of total…
