Kruger Accommodation Prices Increase a Whopping 188% in 13 Years, Double Inflation

[Richprins]

Old records on the Africa Wild forum have revealed that Kruger Park accommodation costs have increased up to 188% from 2008 to 2021.

In Tamboti a LST3 unit cost R625 in 2008, in 2021 it cost R1775.
In Mopani a BD4 unit cost R535 in 2008, in 2021 it cost R1540.
In Punda Maria a ST2 unit cost R500 in 2008, in 2021 it cost R 1440.

viewtopic.php?f=79&t=9450


The RSA CPI inflation rate from 2009-2020 was 60.47%

https://www.inflation.eu/en/inflation-r ... frica.aspx

[Lisbeth]

That's the reason that I stay outside the park, even if it is not the best way to experience the park. On the other hand, you do not get continued nervous attacks, because of the poor state of the Kruger accommodations

[graham]

They have increased by 188% not 288% (8.4%pa)

[Lisbeth]

Have you counted interests on interests?

[graham]

Absolutely.

(1440/500)^(1/13) = 1.085 ie an annual increase of about 8.5%

For inflation
1.6047^(1/11) = 1.044 ie 4.4% pa

If the increase was 288%, then the increase in R would be 2.88 x 500 = 1440 making a total of R1940.

[Richprins]

If something doubles in price it increases by 100%?

[graham]

Yes

double the price - it increases by 100%
triple the price - it increases by 200%
2.88 times the price - it increases by 188%

[Richprins]

Ok will change the heading so long, graham!