The South African Tourism Sector Analysis focuses on different parameters of the country's tourisms industry including, foreign tourist influx, domestic tourism, expenditure by foreign tourists, expenditure by domestic tourists, and accommodation and transportation facilities -
- South Africa's tourism industry is one of its fastest-growing industries and the government considers it as a key sector to boost the country's already impressive economic growth. Tourism industry has been identified as a high-growth potential area (due to its employment generation potential) in the government's Accelerated and Shared Growth Initiative for South Africa, which aims to lift GDP growth to 8% per year.
- Tourism industry is closely linked to infrastructure. The South African government, keeping in view the 2010 FIFA World Cup, is investing heavily in the infrastructure development. The major part is being spent on transportation facilities, hospitality sector, and stadia construction etc.
- In the year 2005, tourism industry of South Africa contributed 8.8% to GDP, which is expected to rise to 14% by the year 2014.
- South Africa's tourism boom has had a predictable knock-on effect on the performance of the country's hotels. There was an increase of 6.4% in occupancy rates at hotels, guesthouses and other forms of accommodation in 2006 as compared to 2005.
- South Africa government is spending huge sum of money on the airport modernization. The government had spent Rand 13 Million (US$ 1.82 Million) to improve navigational aid and Rand 10 Million (US$ 1.4 Million) on the construction of part of the terminal building in the year 2006.
This report will be helpful for the investors who want to venture in the hotel industry, owner of travel sites, and those operating in the aviation industry.
It analyzes tourist arrivals from the countries like Brazil, Australia, China, India, Japan, France, the Netherlands, UK, Tanzania, Democratic Republic of Congo, Israel, Uganda, Ghana, Ethiopia, Turkey, Saudi Arabia and Egypt, among others.
For more information visit www.researchandmarkets.com/reports/c63976