South African Travel & Tourism Sector Discussed by Timetric in New Report Published at MarketPublishers.com22 Oct 2014 • by Natalie Aster
LONDON – South Africa’s hotel market has grown in popularity in terms of investment in hotels, partially driven by disturbances in other African nations like Tunisia, Kenya and Egypt, where tourist numbers have declined. Top international operators are expanding in the market to reap benefits from the soaring demand for accommodation owing to a hike in international and domestic tourist volumes. For instance, Marriott acquired Protea, the largest hotel operator in the country, in April 2014, to take a leadership position in the market.
International departures reached the 5.3 million mark as of 2013. A considerably higher volume of domestic trips as opposed to outbound trips attests to the fact that South Africans tend to prefer domestic rather than foreign holidays.
Besides its traditional source markets in Africa, demand in the South African tourism sector has increased from emerging countries such as China and India. The arrivals of tourists from China posted the highest growth as of 2013, at a rate of just under 15%, with arrivals from Brazil, India and Russia following after.
New market research report “Travel and Tourism in South Africa to 2018” developed by Timetric provides in-depth research and analysis of the South African travel and tourism sector. It offers an accurate discussion of domestic, outbound and inbound tourist flows in the country; gives a detailed assessment of the patterns of tourist spending in South Africa for different market categories; contains an unbiased analysis of travel and tourism demand factors, with valuations for the review period plus forecasts; presents a granular market classification across each category; and thoroughly examines the trends prevailing in the airline, car rental, hotel and travel intermediaries industries, with values provided for both the review period and the forecast period.
Historical valuations are offered for 2009–2013, and forecasts are provided through 2018.
Travel and Tourism in South Africa to 2018
Published: October, 2014
Price: US$ 1,950.00
Other Nations Travel and Tourism Markets Studies by Timetric:
- Travel and Tourism in the UK to 2018
- Travel and Tourism in France to 2018
- Travel and Tourism in Spain to 2018
More new market research reports by the publisher can be found at Timetric page.