South Africa Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

South Africa Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Summary

Travel & Tourism in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.The South African travel and tourism industry had total revenues of $40.7 billion in 2022, representing a negative compound annual rate of change (CARC) of 1.7% between 2017 and 2022.Food service was the industry's largest segment in 2022, with total revenues of $29.6 billion, equivalent to 72.7% of the industry's overall value.With the removal of governmental restrictions, western tourists are returning to country. According to Statistics South Africa, in March 2022, the number of foreign travellers across the country reached 906,996 as compared to 420,893 in March 2021, witnessing a growth of 115.5%.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in South AfricaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in South AfricaLeading company profiles reveal details of key travel & tourism market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the South Africa travel & tourism market with five year forecastsReasons to BuyWhat was the size of the South Africa travel & tourism market by value in 2022?What will be the size of the South Africa travel & tourism market in 2027?What factors are affecting the strength of competition in the South Africa travel & tourism market?How has the market performed over the last five years?What are the main segments that make up South Africa's travel & tourism market?