SATSA Mar­ket In­tel­li­gence Report

Tourism Tattler - - EDITORIAL -

WHAT THIS MEANS FOR MY BUSI­NESS The data con­tin­ues to in­di­cate the re­cov­ery of both the for­eign leisure and do­mes­tic busi­ness mar­ket. The out­look for 2017 is cau­tiously op­ti­mistic. The set­tling of the ef­fects of events such as Brexit and the USA elec­tions and the im­prove­ment in eco­nomic growth in South Africa’s main for­eign sources mar­kets should aid the growth in for­eign tourism to South Africa. South African pol­i­tics and the slow eco­nomic re­cov­ery will dampen growth in the do­mes­tic leisure and busi­ness mar­kets. It should be kept in mind that tourism growth in 2016 was on top of a dis­mal 2015 and al­though growth in tourism is ex­pected, the high growth rates ex­pe­ri­enced in 2016 is un­likely to be re­peated in 2017. *Note that African Ar­rivals plus Over­seas Ar­rivals do not add to To­tal For­eign Ar­rivals due to the ex­clu­sion of un­spec­i­fied ar­rivals, which could not be al­lo­cated to ei­ther African or Over­seas.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.