In 2023, the internal tourism consumption of water passenger transport services in South Africa stood at 3.00 billion South African Rands. Forecasted data indicates a steady year-on-year growth rate of approximately 4.5% from 2024 to 2028. By 2028, the value is projected to reach 3.65 billion South African Rands.
The average annual compound growth rate (CAGR) over this five-year period is expected to be around 4.8%.
Future trends to watch for include potential impacts of economic fluctuations, government initiatives to promote tourism, advancements in water transport technology, and changes in consumer preferences related to travel and tourism activities.
