Domestic tourism expenditure on sports and recreation services in South Africa has experienced significant fluctuations over the past decade. The period between 2013 and 2023 saw an overall growth, albeit with some notable dips, such as in 2015 (-34.03%), 2017 (-29.26%), and 2020 (-22.63%), likely influenced by specific economic and external factors including socio-political events and the COVID-19 pandemic. Year-over-year variations have generally showcased a resilient market with rebound periods, exemplified by a substantial 67.01% increase in 2019 and a steady recovery peaking at 18.64 billion Rands in 2023.
Looking forward, the forecast for domestic tourism expenditure from 2024 to 2028 indicates a continuous upward trend, with a projected five-year compound annual growth rate (CAGR) of 3.01%. This highlights a moderate but consistent growth trajectory, suggesting a stable increase in domestic tourism spending on sports and recreation services. Future trends to watch for include sustained growth driven by increased domestic travel, enhancements in sports infrastructure, and potential economic reforms aimed at boosting the tourism sector. Monitoring economic stability and consumer confidence will be critical for the future trajectory of this sector.
