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Tourism Business Index shows significant drop in 2nd quarter

Source: Tourism Update, 20/07/2015


South Africa`s travel and tourism industry performed significantly
worse than expected in the second quarter of 2015, says the Tourism
Business Council of South Africa (TBCSA).
South Africa`s travel and tourism industry performed significantly
worse than expected in the second quarter of 2015, says the Tourism
Business Council of South Africa (TBCSA).
In the period April-June, business performance levels across the
tourism value chain fell from 99.9 in the first quarter to 83.6 in the
second quarter.
"This is the lowest performance level since the third quarter of 2011,
when the industry registered a very low index score of 70.0," says
TBCSA. A score of 100 is regarded as an indication of normal levels
of trade.
"The results are worrying, says TBCSA CEO, Mmatšatši Ramawela. "To be
realistic, we anticipated that there would be some decline, judging by
our member feedback and the outcomes of the impact assessment study on
the new immigration regulations. The past couple of months have been
particularly tumultuous for our industry and generally business
confidence is low. However, despite the decline in trade conditions,
what`s coming out strongly from the latest Tourism Board Index report
is that maintaining employment levels remains top priority for many
operators."
The drop in performance comes from a number of contributing factors,
such as the new visa legislation with regard to biometrics and
unabridged birth certificates.
The effect of the Ebola outbreak appears to be subsiding, with more
than half of respondents citing no or neutral impact, and only 16.9%
of respondents cited negative impacts as a result of the xenophobic
attacks.
The accommodation sector`s index score dropped to 82.6 compared with
the forecasted 102.7. Other tourism businesses (excluding
accommodation) also recorded lower than normal performance, with a
score of 84.4 compared with the anticipated 93.2
The accommodation sector is still planning to increase capacity in
spite of poor recent and expected performance. Gillian Saunders, Head
of Advisory Services at Grant Thornton says: "Expansion plans for
accommodation capacity increases have long lead times and many
projects were no doubt planned during the high-performance years of
2013 and 2014, and cannot be shelved now without worse financial
consequences."


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