Thursday 17th July 2014 - Posted by Chris von Ulmenstein
It was a shock to see that, after a steady improvement in Tourism Confidence in the past few quarters, it has done an about-turn and declined in the second quarter of this year, as reflected in the latest reading of the Tourism Business Council of South Africa FNB Tourism Business Index.
The Tourism Business Index measured 94.7 for the past three months, below the normal average of 100, and far below the 112,4 reading of the first quarter of this year. Whilst the forecast for the second quarter Tourism Index in the first quarter was 103, actual confidence was ten points lower than expected. The lower Tourism Index is attributed to travel agents, transport operators, and conference centres, a far more pessimistic tourism segment, in that its average Index was only 86,2, an extreme contrast to the Accommodation segment, which more optimistically measured 105,8.
The Tourism Business Council expressed its concern about the obstacles to the growth in the Tourism industry, including (more…)Tweet