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Q4 travel business performance improves Today's News

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Higher than anticipated travel and tourism business performance in South Africa was recorded in the last quarter of 2016, the Tourism Business Index revealed. Against a normal performance score of 100, the industry recorded an index of 104.5 – higher than the anticipated 81.7.

Although, performance in the last quarter was the best for 2016, overall performance for the year was slightly below 2015. There has been a decline seen since 2013 when the average for the year was just below 110.

In Q4 2016, the ‘Other Tourism Businesses’ segment, which includes travel agents, tour operators, car rental companies and airlines, recorded better than normal performance with an index score of 116.1. This is significantly higher than the forecast score of 69.9. Meanwhile, the Accommodation segment performance was below normal levels with an index of 89.5 – a score that was notably also below the expected 109.4

Looking ahead into the first quarter for 2017, expectations remain low at an index of 96.0. Performance for the accommodation segment is expected to remain fairly flat, while the ‘other tourism businesses’ segment looks forward to a continued positive run.

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