Friday, 25 October 2013

South Africa Tourism Report Q4 2013

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South Africa Tourism Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

Over the past quarter, BMI has become more optimistic on the outlook for the South African tourism sector, based on the strong figures released for 2012 by the Department of Tourism. As such, we have increased our forecasts for both inbound and outbound tourist flows, as well as the number of hotels in South Africa. Overall, BMI believes that the value of South Africa's hotels and restaurants industry will increase by a strong 86% in US dollar terms over the 2013-2017 period, to reach US$16.34bn. In GDP terms, the contribution of the hotels and restaurants industry to overall GDP will rise from 2.43% in 2013, to 2.78% in 2017, underlining our upbeat stance on the South African tourism industry over the medium term. ...

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