Tourism performs well, shows positive outlook for 2014

Jan 22, 2014

The tourism sector in South Africa performed almost on a par with expectations for the fourth quarter of 2013, according to the Tourism Business Index (TBI).

The TBI Q4 results recorded a performance of 114.6 index points compared with an expected 110.8. The industry therefore experienced another good quarter with above-normal performance and consolidated a year in which only one quarter, Q2, experienced marginally below-normal performance at 98.

The accommodation sector recorded a positive performance at 111.4. Car hire, conference centres, tour operators and retail showed major improvements from Q3, increasing the overall Q4 results.

The TBI also showed a good expectation for Q1 2014 with an optimistic showing of 111.3 index points, confirming that the industry remains confident. This optimism was stifled only by a forecasted weaker accommodation sector.

The TBI is an initiative of the Tourism Business Council of South Africa and is compiled by Grant Thornton in association with FNB. The TBI provides an indication of the current and likely future performance of the various businesses operating within the tourism sector in SA. It profiles the industry and positions it as an important component of the South African economy.

The TBI Q4 results can be accessed here.

Article source: www.tourismupdate.co.za

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