1. Which of the following are considered to be reliable sources of hotel operational trading data? Please choose all that apply.

a. SAPOA
b. STR
c. STATSSA

2. True or False, hotel properties trade very regularly between buyers and sellers in all South African markets and all transactional information is freely available?

3. True or False, tourism visitation in South Africa is split between international travellers and domestic travellers on a 50:50 basis.

4. In January to June 2024, tourism visitation was measured as follows:

5. Which is the most dominant airline in South Africa?

6. True or False, whilst principles are well defined in rule books such as those laid out in the International Valuation Standards, it rests with the valuer to determine the motivation to his/her valuation, and he/she must read the market in determining his value?

7. True or false, the base valuation premise is that a fair rental as between propco and opco needs to be determined on the assumption that a long-term FRI lease is entered into between the parties?

8. The cost of replacing a hotel is generally reverted back to the rate per room. How much would it take to replace an upper scale 4 star hotel?

9. Historically hotel valuations were subject to some consistency in past records. Initially one would have looked at how many years of previous revenue cash flows in consultation with management?

10. Which province has seen a better recovery in the hospitality industry post COVID?