Monday, March 29, 2010

One-Quarter of Accommodations Raise Prices 50% or More During World Cup

A recent survey by the Department of Tourism shows that nearly one-quarter of the nation's tourist accommodations are planning to increase their prices by more than 50% during the World Cup.

The survey, which investigated alleged overpricing by accommodation establishments, showed that the remaining 76% of respondents polled raised their prices by under 50%.

Speaking to Business Day Online, Sindiswa Nhlumayo, Deputy Director-General in the department of Tourism says the price increases were expected.

"When you host an event of such magnitude, increases like are expected based on the laws of supply and demand", Nhlumayo said.

South Africa: 2010 Accommodation Marked Up By Over 50 Percent
Business Day
March 26, 2010