Travel & Tourism adds more to the economy of South Africa compared to other countries in Africa

Travel & Tourism adds more to the economy of South Africa compared to other countries in Africa

Published on : Wednesday, March 20, 2019

For more than 25 years, WTTC, which signifies for the global private sector of Travel & Tourism, has made an assessment of the Travel & Tourism sector across 185 countries. Last year’s research shows that the South Africa Travel & Tourism sector:

• Contributed approximately ZAR425.8 billion to the economy of the country – the largest of any country in Africa. This stands for 8.6% of all economic activity in South Africa.
• Generated 1.5 million jobs, or 9.2% of total employment
• Was mainly influenced by leisure travelers: 64% of the travel economy was churned out by leisure visitors and 36% from business travelers.
• Is roughly balanced between international and domestic travel: 44% of the tourism spending came from overseas tourists and 56% from domestic travel.

To quote Gloria Guevara, WTTC President & CEO, “Travel & Tourism contributes more to the South Africa economy than in any other African country. In total, our sector contributes ZAR425.8 billion and 1.5 million jobs which makes it a formidable part of the economy.”

“South Africa has long grasped the potential of Travel & Tourism to drive economic growth, create jobs and promote social development and I would like to acknowledge the leadership of Minister of Tourism, H.E. Derek Hanekom. That is why we welcome President Ramaphosa’s ambition to double the number of people directly employed in T&T in South Africa.”

“Looking to the future, I believe that Travel & Tourism is South Africa’s greatest resource and the country’s strategy for expansion which priorities regional integration, environment sustainability and putting the community at the heart of decisions will make for a successful combination.”

Tags: WTTC