Hospitality Association of Namibia (HAN)

23 Jan

Locals make up 33 % of hospitality establishment visits in 2022

ObserverNational NewsHospitality Association of Namibia (HAN), Locals make up 33 % of hospitality establishment visits in 2022

Tujoromajo Kasuto Occupancy rates at countrywide hospitality establishments were at 37.9 percent in December 2022, compared to 45.8 percent the previous month, bringing the yearly average to 40.1 percent in 2022. This is about double the yearly average in 2021 and has reached around 80 percent of pre-pandemic levels since June 2022. According to the Hospitality Association of Namibia (HAN), Namibians would account for about 51 percent of all customers at statewide hospitality enterprises in 2021. This percentage fell to around 33 percent in 2022, indicating an improvement in global travel since 2022 was relatively free of covid rules and…

09 Sep

Local tourism declining because of inflation

ObserverNational NewsHospitality Association of Namibia (HAN), Local tourism declining because of inflation, Theo Klein

Tujoromajo Kasuto Simonis Storm Securities has revealed that local tourism might decline in the near future, as local travellers battle with expensive food, fuel and accommodation prices. Theo Klein, an economist with the firm, states that the hotels, cafés and restaurants category has recorded high single digit inflation rates in recent months, averaging nine percent year on year. ‘’Disaggregating this main category, we see that accommodation services have only recorded double digit inflation rates and average 15.1% YTD. This is evident that local hospitality establishments have little capacity in absorbing a rise in input costs (e.g electricity tariffs, food, fuel,…