TBCSA PREDICTS A STRONGER 2017
Date published 13.02.2017
THE TOURISM Business Council of South Africa last week reported a “slightly better than normal” business performance in Q4 2016, with strong inbound demand. It has forecast fewer challenges this year. The report recorded an index of 104.5, with a score of 81.7 originally forecast.
The TBCSA said cost of inputs were a prominent negative feature and business performance for Q1 of 2017 was moderately low, with an index of 96.
Chief Executive Officer Mmatšatši Ramawela said the industry was looking forward to a less turbulent year but that major political and socio-economic developments witnessed in 2016 would spill over to 2017. “…We remain cautiously optimistic that travel and tourism will roll with the punches and that overall improvement in business performance will rise even further in the coming months.”
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