23
Jun
Martin Endjala The Occupancy Rate which is referred to as the percentage of occupied rooms in a house at any given time has slowed by a meagre one percentage point in May 2023, from 51.8 percent in April to 50.8 percent in May 2023. However, on an annual basis, occupancy rates have improved by 11.4 percentage points from 39.4 percent in May 2022, still indicative of a recovery in the sector. This is according to the May 2023 Simonis Storm Economist Theo Klein. He said that Namibians have been facing a notable surge in travel expenses, with prices nearly doubling…