WEF REPORT: SA IS THE MOST COMPETITIVE TRAVEL & TOURISM DESTINATION IN AFRICA
The latest World Economic Forum (WEF) Travel and Tourism Competitiveness Report for 2017 ranks South Africa as the most economically competitive travel and tourist destination in Africa, with Mauritius following closely in 2nd position. Despite sustained economic growth, travel and tourism in sub-Saharan Africa remains mostly untapped, as air connectivity, travel costs, visa policies and infrastructure remain key challenges to tourism growth. While tourism in the region is mainly driven by natural tourism, there is also significant room for improvement in protecting, valuing and communicating cultural richness.
On the globe South Africa ranks 53 overall, with Mauritius (55), Kenya (80) and Namibia (82) all representing Africa well in the global rankings. Topping the global list is Spain, France and Germany respectively. Click here to read much more from the full report.
The World Economic Forum’s (WEF) Global Competitiveness Report assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.
WEF RELEASES GLOBAL COMPETITIVENESS REPORT FOR 2018
The recently released World Economic Forum Global Competitiveness Report for 2018 shows that South Africa has significantly dropped in rank and now lies at 67th. The most significant areas of progress include it being home to a large market size, good infrastructure and a well-developed financial system. More specifically, South Africa’s financial sector offers a relatively balanced access to various sources of finance, including credit, venture capital and insurance. In addition, South Africa’s innovation capability is relatively advanced, although limited by insufficient research and development. We have also provided a table below that outlines the South African index in detail and gives a ranking out of 137 countries on the respective tourism-related indices calculated in the report. To view the entire WEF Global Competitiveness South African profile, Click Here.
Specific tourism-related indices calculated
Rank out of 137 countries
|Efficiency of legal framework in challenging regulations||36 / 137|
|Transparency of government policymaking||74 / 137|
|Reliability of police services||118 / 137|
|Quality of overall infrastructure||72 / 137|
|Quality of roads||50 / 137|
|Quality of airport infrastructure||25/ 137|
|Available airline seat kilometres (millions/week)||29 / 137|
|Extent of staff training||39 / 137|
|Intensity of local competitions||44/ 137|
|Number of procedures to start a business||70 / 137|
|Prevalence of foreign ownership||47 / 137|
|Flexibility of wage determination||132 / 137|
|Ease of access to loans||62 / 137|
|Soundness of banks||37 / 137|
|Mobile-broadband subscriptions||71 / 137|
|Capacity for innovation||30 / 137|
- Click Here for more on, and to download, the WEF Global Competitiveness Report for 2018.
View these latest United Nations World Tourism Organisation (UNWTO) reports and studies concerning competitiveness in the travel and tourism industry: