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 16

Namibia

October hotel occupancy rises to 65.5%

Namibia has recorded a national hotel occupancy rate of 65.5% in October, an uptick from the 54.6% rate recorded in October 2022. In its latest report, Simonis Storm Securities revealed that in October 2023, the coastal region emerged with the highest occupancy rate, reaching an impressive 71.9%.

November 22, 2023 12