South Africa Tourism Report - Business Monitor International - Industry Reports

South Africa Tourism Report

South Africa Tourism Report - Business Monitor International - Industry Reports
South Africa Tourism Report
Published Aug 06, 2016
31 pages — Published Aug 06, 2016
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Abstract:

South African tourism underwent a difficult year in ---- as tight visa restrictions resulted in negative growth in inbound arrivals, with Chinese and Indian arrivals particularly hit. The regulations were announced on the --th of May and came into effect on the -st of June ----, amid widespread confusion. ...The regulations were announced on the --th of May and came into effect on the -st of June ----, amid widespread confusion. The first major change was that people wishing to apply for a visa must visit a South African embassy in person so that they can have their biometric information captured. The second major change was that any child travelling either into or out of South Africa, must carry a full, unabridged birth certificate. ...Over the coming year we will see some growth, as visitors take advantage of the weak rand, with total growth of -.- in ----. Regional economic conditions will prove important in the medium term, however, due to the concentration of African inbound arrivals into

...South Africa s hotel sector is attracting further investment. The luxury and boutique hotel segment in particular is growing in popularity with several new hotels under development including The Silo hotel in Cape Town which is due to open in late ----. ...A report in July ---- notes that visitors from India will soon be able to utilise a simplified visa scheme, including access to -- year visas for business travellers, following South Africa s addition to India s e-visa scheme earlier in ----. Following a fall in international arrivals in ----, South Africa s inbound tourism market is expected to record a slim recovery in ---- with tourist arrivals growing by -.- over the year to reach just under -mn - around half a million short of the arrivals recorded in ----. Tourism related spending is also expected to show a recovery, though only in local currency terms. ...Following a fall in international arrivals in ----, South Africa s inbound tourism market is expected to record a slim recovery in ---- with tourist arrivals growing by -.- over the year to reach just under -mn - around half a million short of the arrivals recorded in ----. Tourism related spending is also expected to show a recovery, though only in local currency terms.

...South Africa s tourism market does present significant long term growth potential as the country offers a favourable climate, numerous natural and cultural attractions and relatively well developed transport and accommodation infrastructure, however investors in the country face numerous structural challenges. Social inequality and poverty remains rife and contributes to ongoing security concerns which will continue to deter holiday makers and businesses. ...

  
Source:
Document ID
1747-9010
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "South Africa Tourism Report" Aug 06, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Tourism-Report-2026-563>
  
APA:
Business Monitor International - Industry Reports. (2016). South Africa Tourism Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Tourism-Report-2026-563>
  
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