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Tourism sector still growing

Source: Biz Community, 19/12/2016

The recently released Tourism Satellite Account (TSA) for South Africa
shows that the number of tourism jobs is consistently growing, while
the tourism industry is continuing to make a 3% direct contribution to
the GDP.

In line with the National Tourism Sector Strategy objectives and
targets of providing decent work within the sector, the findings
record that in 2011, a total number of 622,929 were employed in the
sector, which contributed to an overall percentage of 4.4 of the
employment rate in the country. By 2015, the sector had recorded its
highest growth of 711,746 people employed, contributing 4.5% to total
employment.

The Tourism Direct Gross Domestic Product (TDGDP), which is the sum of
the part of gross value generated by all industries in response to
internal tourism consumption, shows an increased from R83, 9 billion
in 2011 to R118,9 billion. The overall percentage contribution of
tourism to the total TDGDP of South Africa remained relatively stable
throughout the years between 2.8% and 3%.

The balance of trade for tourism remains positive which indicates that
tourists arriving in South Africa continue to spend collectively more
than South African tourists traveling abroad. The trade balance was R
36 billion in 2015.

Released on 13 December 2016 by Statistics South Africa, the TSA is an
accounting framework adopted by the United Nations, designed to
measure goods and services associated with tourism according to
international standards, concepts and definitions. It provides tourism
stakeholders (governments, entrepreneurs and the citizenry) with
reliable data to assist them in the design of public policies and
business strategies for tourism and the evaluation of efficiency.

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