South Africa Travel and Tourism Market Report 2018: Direct Contribution of Travel and Tourism to South Africa’s Gross Domestic Product (GDP) was R136.1 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 16, 2018--The “Travel and Tourism: Travel Agencies, Tour Operators and Related Services in South Africa 2018” report has been added to ResearchAndMarkets.com’s offering.
The direct contribution of travel and tourism to South Africa’s Gross Domestic Product (GDP) was R136.1bn, or 2.9% in 2017.
Including indirect benefits, its contribution was 8.9%. Travel and tourism investment in South Africa amounted to R71bn, or 8.2% of total investment in the country, while foreign visitor spending and international tourism receipts generated around R126.7bn. Identified as one of the main drivers of employment and economic growth, the industry provided over 4.4% of South Africa’s total workforce in 2016.
In recent years, the industry has experienced disruption with the growth of internet travel portals offering consumers direct bookings. The industry continues to be disrupted by social buying networks that offer substantially discounted rates, as well as platforms such as Airbnb. The industry is highly exposed to domestic and external macroeconomic, political, geopolitical, social and climatic factors. Crime, natural disasters and exchange rate volatility also affect travel and tourism.
The severe water crisis in the Western Cape, devastating fires around Knysna and the outbreak of Listeriosis affected travel in 2017. Contentious visa regulations which had a significant negative effect on tourism, were amended, easing some of the challenges ravellers to South Africa experienced.
Report Coverage: The report focuses on travel agencies, tour operators and related services and investigates current conditions, recent developments and factors influencing the success of the sector. The report profiles 39 companies including Tourvest, a leading player in the sector, which manages over 50% of South Africa’s corporate travel arrangements and has a portfolio of around 60 brands.
It also profiles HRG Rennies Travel, a subsidiary of the Bidvest Group, one of the leading travel management companies in Africa, Cullinan Holdings, which includes Thompsons Holidays, and Protea Hotels, City Lodge and Tsogo Sun, the top-selling accommodation brands in the domestic segment.
Profiles include Travellingcheapskates, which specialises in custom-made travel packages for people on tight budgets and Lebo’s Soweto, and Siviwe Tours, which offer tours of Soweto in Johannesbug and Langa in Cape Town.
Key Topics Covered:
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
3. SIZE OF THE INDUSTRY
4. STATE OF THE INDUSTRY
4.1.1. Corporate Actions
4.1.2. Regulations and Government Policies
4.1.3. Enterprise Development and Social Economic Development
5. INFLUENCING FACTORS
5.1. Government Interventions
5.2. Economic Environment
5.3. Rising Operating Costs
5.5. Crime and Security
5.6. Technology, Research and Development (R&D) and Innovation
5.8. Environmental Concerns
6.1. Barriers to Entry
7. SWOT ANALYSIS
9. INDUSTRY ASSOCIATIONS
Summary of Major Players
Segments of the Travel Industry
2017 Global Travel & Tourism Competitiveness Rankings
COMPANY PROFILESAbercrombie and Kent Safaris (Pty) Ltd African Eagle Cape Town Day Tours (Pty) Ltd African Eagle of Southern African Territories (Pty) Ltd African Impact Safari Operator CC Akilanga (Pty) Ltd And Beyond South Africa (Pty) Ltd Austria Connection CC Beachcomber Marketing (Pty) Ltd Club Travel SA (Pty) Ltd Coega Development Corporation (Pty) Ltd Comair Retail Travel Services (Pty) Ltd Concorde Travel (Pty) Ltd Connex Travel (Pty) Ltd Cullinan Holdings Ltd Egoli Tours (Pty) Ltd ERM Tours (Pty) Ltd Flame of Africa CC Flight Centre Travel Group (Pty) Ltd Flightsite (Pty) Ltd Harvey World Travel Southern Africa (Pty) Ltd ITT Inspirations Travel and Tours (Pty) Ltd Jetstar Travel (Pty) Ltd Lebo’s Backpackers CC Overseas Visitors Club (Pty) Ltd Rennies Travel (Pty) Ltd Seeza Destination Network Serendipity Tours CC Siviwe Tours (Pty) Ltd Songhai Travel (Pty) Ltd Soul Traveller Tourism SA (Pty) Ltd South African Airways City Center (SOC) Ltd STA Travel (Pty) Ltd Sure Travel (Pty) Ltd Tourvest Holdings (Pty) Ltd Trafalgar Tours (Pty) Ltd Travel Vision (Pty) Ltd Travelingcheapskates (Pty) Ltd Travelstart Online Travel Operations (Pty) Ltd Wilderness Holdings Ltd
For more information about this report visit https://www.researchandmarkets.com/research/7kkwtn/south_africa?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181116005130/en/
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Related Topics:Travel Intermediaries
KEYWORD: SOUTH AFRICA AFRICA
INDUSTRY KEYWORD: TRAVEL DESTINATIONS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/16/2018 05:16 AM/DISC: 11/16/2018 05:16 AM