TOURISM BUSINESS INDEX
‘SOUTH AFRICA’S TOURISM BUSINESS PEFORMANCE SHOWS A SIGNIFICANT DIP IN THE
FIRST SIX MONTHS OF 2018′
South Africa’s tourism sector should be in better shape than it currently is.
That’s the word from Tourism Business Council of South Africa’s interim CEO, Tshifhiwa Tshivhengwa, following the release of the its Tourism Business Index (TBI) report today. TBI provides an indication of the current and likely future performance of businesses operating in the sector.
According to the report, business performance in the sector has declined significantly in the first half of 2018. Overall, the sector recorded substantially lower than normal business
performance, with an index of 57.9 (against an index of 100). This index score is much lower than the 72.4 forecast for the first two quarters of 2018. Furthermore, it is notably
lower than the 71.4 experienced in the last half of 2017. “If one goes through the report, you will note that both the ‘accommodation’ segment (which
includes the broad spectrum of accommodation service providers in the sector) and ‘other tourism businesses’ indicate well below normal levels of business performance, says
Tshivhengwa. “This is of great concern to us as it is not the direction we should be heading.”
- Click Here to read more of this press release
- Click Here to view the 2018 Half-Year TBCSA Tourism Business Index (TBI) Report
Tweet us using #TourismBizIndex about your expectations for the remainder of 2018