Emphasizing that the sector's growth pace could be accelerated, the report highlights the necessity for African governments to implement reforms, especially in areas such as enhancing air transport infrastructure, streamlining visa issuance, and robust marketing strategies.
The travel and tourism industry has the capacity to contribute an estimated $168 billion to Africa's GDP while generating about 18 million new jobs over the next decade. This is the finding of a report published on November 2 by the World Travel and Tourism Council.
The report entitled "Unlocking opportunities for Travel & Tourism growth in Africa” outlines an expected average growth rate of 5.1% per year, based on the current trajectory observed across the continent, almost twice as fast as the economy as a whole.
The document suggests that this pace of growth could be accelerated if African governments implement three key policies to unlock the sector's potential: improving air transport infrastructure, facilitating visa issuance and strengthening tourism marketing. The size of the African travel and tourism industry has more than doubled over the past two decades. At the start of the millennium, the sector was worth $75 billion. This figure reached $186 billion in 2019, or around 7% of the continent's GDP.
This remarkable growth has also led to the creation of several million new jobs. In 2019, the tourism sector employed 25 million people on the continent, compared with 12.3 million in 2000.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Mobile phones have become essential tools for work, education, payments and staying connected across...
BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Mali to buy 26,030 tons of unsold rice to stabilize market Weak competitiveness against imports leaves producers with excess stock Regional surplus...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, aiming to turn Cairo into an export hub for a continent...
Sasol gains EU certification to export sustainable aviation fuel Output to rise from 1-2 million liters in 2026 EU regulations drive demand as Sasol...
15 Nigerian states scrap telecom right-of-way charges to boost fiber rollout Policy linked to faster expansion and improved network quality 21 states...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...