For a comprehensive review of the Africa market, click below:
HVS In-Depth Africa Hotel Valuation Index:
2021
|
2016
|
2015
|
2014
Although occupancy levels in Windhoek have surpassed pre-COVID figures, ADRs have yet to recover, resulting in subdued RevPAR performance and a marginal 4% decline in value per key. The city’s strong yet seasonally driven corporate market continues to lag behind the continent in terms of average rates. The entry of the Hilton Garden Inn in 2023, along with brands such as Movenpick and Mercure entering the market upon Kasada’s acquisition of Safari Court has placed rate pressure on the market.
The widespread impact of the coronavirus (COVID-19) has had an unprecedented impact on hotels and hotel values worldwide.
Consequently, the latest HVI analysis may no longer reflect the most current measure of lodging industry strength or the
hospitality investment market.
In each of our offices across the globe, we are working tirelessly to analyze the impact of recent events and provide timely
insights to help you navigate these uncharted waters. Because it is unclear how long the pandemic will last or how long related
restrictions will be in place, we are updating our analyses on a weekly basis using the most current data.
Additionally, examination of value trends in prior cycles can provide useful information. Historical patterns, together with
an understanding of the market’s current expectations for the eventual recovery of the industry and its performance, can provide
insights on the likely trajectory of decline and recovery for hotel values.
For the Latest Information and Analysis on the Impact of COVID-19Click Here
If you’d like to speak to someone personally to review details of our most current analysis, please don’t hesitate to contact
us directly.
ADR, Demand, Occupancy, RevPAR, and Supply Projections:
|
|
| ADR Change
|
|
| Market Demand Change
|
|
| Hotel Occupancy Increase/Decrease
|
|
| RevPAR Change
|
0.0%
|
| Market Supply Growth
|
Change In Value For Market:
Legend
| Significant Value Increase:
|
Greater than +10%
|
| Moderate Value Increase:
|
Between +3% and +10%
|
| Stable Values:
|
Between -3% and +3%
|
| Moderate Value Decline:
|
Between -3% and -10%
|
| Significant Value Decline:
|
More than -10%
|
Namibia - Windhoek RevPAR Change
Namibia - Windhoek RevPAR
| Year |
RevPAR |
| 2015 |
48.00
|
| 2016 |
56.40
|
| 2017 |
63.70
|
| 2018 |
62.30
|
| 2019 |
59.80
|
| 2020 |
57.70
|
| 2021 |
60.50
|
| 2022 |
|
| 2023 |
|
| 2024 |
|
| 2025 (f) |
|
