On 26 March 2020 as we said our goodbyes to colleagues, we did not foresee that six months later many hotels across South Africa would remain closed.

It was not until June 2020 that accommodation establishments were permitted to accept domestic business travelers and August 2020 when both leisure and business domestic travel was permitted. The industry eagerly awaits the arrival of October 1st, 2020 when the country's borders will open; albeit with some restrictions. With both Public and Private sector spending likely to remain constrained for the foreseeable future, recovery of the South African tourism industry is only anticipated toward the end of 2022/ early 2023.

The impact of the Coronavirus pandemic on the health of the South African population appears to be much less severe than was originally feared while the impact of the Government-imposed lockdown on the economy continues to see much worse outcomes than originally expected.

About Horwath HTL

Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.

For more information, please visit www.horwathhtl.com.

Stephanie Henley
Horwath