Hotels and lodging and meeting facilities
The market for hotels and lodging is quite substantial, with about R240 million being spent nationally. This market is relatively stable, with no year-over-year growth, so you won't see it expanding or shrinking dramatically. With 198 suppliers already catering to 36 different government departments, it's a fairly crowded space, so you'll need to differentiate your business to stand out. It's also worth noting that the government has a strong favour towards black-owned businesses, with about 66% of the allocation going to them, as well as women-owned businesses, which receive about 36% of the allocation. If I were you, I'd focus on building relationships with government departments and highlighting your business's unique value proposition to gain a foothold in this competitive market.
R240M
198
36
R525K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
65.7%
36.0%
8.6%
0.5%