Tourism in the South African Republic is expected to grow by nearly a quarter by the end of 2019.
The country’s tourism sector is expected hit the hardest by the global economic downturn, but that could change as the country begins to bounce back from the downturn.
South Africa hosts over 1.8 million tourists a year and boasts of one of the lowest unemployment rates in the world.
It also hosts the world’s biggest private market, boasting a total of 8.6 million visitors a year.
In contrast, the US and Canada, two of the top destinations in the globe, are expected to record a slight decline in 2018.
“I believe tourism in South Africa will grow at the fastest rate since the early 1990s,” said Johannesburg-based travel agency, Cairn Travel.
However, the South Africa tourism sector may not be able to fully recover without the help of the federal government.
According to a study by the Tourism Industry Association of South Africa (TIAA), the country will need an additional $7.8 billion to make up for a $8 billion shortfall in federal funds to the tourism sector.
This is an amount that will likely be met by the provincial governments, said Tourism Industry Associations Association South Africa President, Peter Fonseca.
Fonsecat said the lack of support is a “significant barrier to growth.”
“TIAI SA is calling for a major increase in government spending to cover the shortfall.
It is time that South Africa took the lead on this important issue,” he said.
Despite the growing economic pressure, many South Africans remain confident about their outlook for the future.
While South Africa has seen some of the most dramatic economic shifts in recent years, many are optimistic that the future is looking bright.
Some analysts say that the country’s economy is poised to grow at a rate of 3.6 percent in 2018, a rate that is well above the 6 percent growth average seen during the last three decades.
Others, like South African travel agency Cairna Travel, believe that South African tourism could be the “next big thing” and have predicted that the region will see a 6.5 percent growth in 2019.
If you are planning to visit South Africa, you can check out the best travel destinations in South African cities, as well as some of our travel tips.