October occupancy rate drops to 65.15%

October occupancy rate drops to 65.15%

The national occupancy rate for October stood at national occupancy rate for October stood at 65.15%, slightly lower than the 65.54% recorded in October 2023 and below the pre-pandemic level of 69.87% from October 2019. The year-to-date occupancy rate for 2024 averaged 54.17%, falling just short of the 54.76% seen in 2019. Gitta Paetzold the Hospitality Association of Namibia's CEO.

December 2, 2024 15

2

Namibia

National Tourist occupancy rates across establishments rose to over 58% in April

In April, national occupancy rates across establishments rose to 58.1%, surpassing both April 2023's 51.2% and 2019 levels. This marks the highest monthly rate for this year, showing an 8.95% increase from March. The Hospitality Association of Namibia, Chief Executive Officer, Gitta Paetzold.

May 22, 2024 33 2

Namibia

Tourism Sector Poised for Continued Growth in 2024

The tourism sector is showing promising signs of growth, with international arrivals at nationwide airports reaching 71,584 passengers from January to February 2024. This marks an increase from the 57,921 passengers recorded during the same period in 2023. Gitta Paetzold, CEO of the Hospitality Association of Namibia, provides insight into the positive trajectory of tourist inflows, indicating ongoing potential for expansion in the tourism industry.

April 29, 2024 32

Business / Economics

Namibia’s Visitor Arrivals Surge in February

Official figures reveal a notable increase in Namibia's visitor arrivals in February, reaching over 37 thousand, marking an 8.1% month-on-month surge and a significant 26.1% year-on-year rise. According to a tourism report by IJG Securities, February 2024 arrivals surpassed pre-pandemic levels from February 2019 by 15.5%. Gitta Paetzold, CEO of the Hospitality Association of Namibia, comments on the trend.

March 22, 2024 29

Namibia

Namibia’s hospitality sector exhibited resilience in October 2023

Namibia's hospitality sector exhibited resilience in October 2023, with national occupancy rates holding steady at 65.5%, consistent with the figures reported in September 2023. This marked an improvement from the 54.6% occupancy rate recorded in October 2022. CEO of HAN Gitta Paetzold.

November 23, 2023 30