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Africa -  South Africa - Johannesburg

For a comprehensive review of the Africa market, click below:
HVS In-Depth Africa Hotel Valuation Index:   2021 | 2016 | 2015 | 2014

Johannesburg, South Africa’s largest commercial hub, has historically relied on strong corporate and MICE demand. However, the city’s performance has been adversely affected by the rising prominence of Cape Town, the decline of South African Airways and its extensive international network, and ongoing perceptions of safety concerns. The market has yet to recover to pre-COVID occupancy levels, as much of the historic transit and business travel now flows directly into Cape Town. These factors have collectively contributed to a decline in value per key.

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%