Over the decades, Travel and Tourism has experienced continued growth and diversification to become one of the fastest growing economic sectors in the world. It has become a major player in international commerce, and represents one of the main income sources for many developing countries.
According to the World Travel and Tourism Council, Travel and Tourism employs approximately 220 million people, and generates over 9.4 per cent of the world GDP.
Both South African government and the private sector look to the tourism industry as a source of economic and employment growth. Tourism is also a major source of tax revenue, and has stimulated investment in infrastructure for airports, the Gautrain high speed railway link and soccer stadiums in South Africa in advance of the FIFA 2010 Soccer World Cup™.
The Transport Sector where businesses focus on transporting tourists (both domestic and international) in and around the country through different modes of transport.
The Hospitality Sector where businesses are concerned with the provision of accommodation, food and beverages to visitors.
MICE (Meetings, Incentives, Conferences and Events) is concerened with arranging and/or hosting other events such as exhibitions and often may collaborate with the Hospitality sector.
Tourist Attractions are places of objects that are popular with tourists - these ranges from World Heritage Sites, museums and others.
The TBCSA represents private sector businesses operating in one or more of the above-mentioned Tourism business sectors.