Forecast: Internal Tourism Consumption of Sports and Recreation Services in South Africa

Internal Tourism Consumption of Sports and Recreation Services in South Africa has exhibited a varied and dynamic trend over the past decade. The consumption values in Billion South African Rands have shown significant fluctuations, peaking at various intervals such as 2014 and 2019, with a notable dip in 2015 and 2020. By 2023, the internal tourism consumption stood at 29.95 Billion South African Rands, marking a 3.17% year-on-year increase from 2022's value of 29.03 Billion South African Rands. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 averaged at 7.39%, indicating a moderate overall growth trend despite some yearly variances.

Looking forward to the forecasted data, an optimistic growth trajectory is projected, with consumption expected to reach 34.76 Billion South African Rands by 2028. The forecasted 5-year CAGR is 2.34%, emphasizing consistent, albeit slower growth compared to previous years.

Future trends to watch for include:

• Potential impacts of economic factors and exchange rates on domestic tourism spending.
• Shifts in consumer behavior and preferences post-pandemic.
• Infrastructure development and investments in sports and recreation facilities.
• Government policies and initiatives to stimulate local tourism activities.