Tourism sector is recovering, but inflation a cause for concern Posted by David Henning on 21 June 2022 The latest accommodation figures have shown that the tourism industry is on the rebound, but the increase in inflation and fuel prices could negatively affect recovery. According to the latest figures from Stats SA, total income for tourist accommodation increased by 53.4 % in April 2022, when compared to April 2021. On the current trajectory, there is a possibility that some companies will reach full recovery towards the end of the year compared to 2019, according to the Tourism Business Council of South Africa (TBCSA) chief executive, Tshifhiwa Tshivhengwa. The TBCSA however said that incomes were significantly reduced during April, which could have been a result of the floods that devastated KwaZulu-Natal. But rising inflation and the liquidation of Comair are causing further disruption to recovery, where rising fuel costs could negate the recovery. ‘The increase in inflation and petrol price will impact domestic and international travel because prices might be impacted. The petrol, food and electricity prices have a direct impact on pricing. The level of the effect is yet to be measured, but it will be there,’ Tshivhengwa told News24. ALSO READ Cape Town International Airport voted Best and Cleanest in Africa Related Posts Cape Town’s sustainability: Leading the way in environmental initiatives 1 June 2023 As National Environmental Month commences in South Africa, Cape Town stands proudly at the forefront... read more Kapama to host Safari Guide of the Year Awards 2023 1 June 2023 Kapama Private Game Reserve near Hoedspruit will host this year’s Safari Guide of the Year... read more Blood Lions relaunches for public viewing on YouTube 1 June 2023 Award-winning documentary feature film Blood Lions has been relaunched on YouTube for public viewing, creating... read more PREV ARTICLE NEXT ARTICLE
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