Special Hotel Market Report, Issue 59: South Africa
By Michelé de Witt on March 21, 2016
Michelè De Witt of Horwath HTL South Africa has written the next in our series of market reports: “Politics and economic woes influence travel and tourism in South Africa”.
‘Often referred to as South Africa’s ‘new gold’, the South African travel and tourism sector has grown exponentially over the past two decades. The sector is estimated to have directly contributed approximately ZAR117.8 billion to the country’s economy and directly supported an estimated 705 500 jobs in 2015. However, following the political and economic events that unfolded at the end of 2015, travel and tourism in South Africa is anticipated to experience a difficult year ahead.‘