It's A War Out There

A price war is raging among top-end hotels in Cape Town with all players jostling for their share of a depressed market resulting from a sharp increase in inventory, a slow pace of business and an overall slump in tourism after the Soccer World Cup.

Average online five-star room rates on September 2 were R2 400 per night, with at least 12 five-star properties charging less than R2 000 a night, the lowest being Bantry Bay Luxury Suites at R1 000 per night.

The average room rate of four-star hotels was R1 300 per night, with at least 10 properties charging less than R1 000 a night, the lowest online rate being R550 per night at the Harbour Bridge Hotel & Suites.

The average three-star room rate was R736 per night, the highest rate of R1 035 per night charged by Protea Hotel Cape Castle and the lowest rate of R370 per night offered by the Ritz Hotel.

Source: SA Tourism Update