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BUSINESS IN TOURISM & TRAVEL

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.

South Africa is one of the promising players in the emerging markets stable:
  • It is home to 6% of Africa`s population.
  • Produces approximately 18% of Africa`s Gross Domestic Product, and
  • Boasts 45% of Africa`s mineral production.

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 South African Tourism statistics indicates the following:
  • South Africa`s growth has outstripped global growth every year since 2004.
  • Global arrivals declined by 4% in 2009, whilst South Africa`s arrivals grew by 3.6%.
  • India`s arrivals grew by 17.5%
  • China`s arrivals grew by 12.4% & Africa grew by 5.7%.
South Africa has a vibrant and thriving Travel and Tourism sector which can be sub-divided as follows:

The Transport Sector where businesses focus on transporting tourists (both domestic and international) in and  around the country through different modes of transport.

  • Travel Agents
  • Tour Operators
  • Tour Guides

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.

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