In 2023, domestic tourism expenditure on water passenger transport services in South Africa stood at 2.47 billion ZAR. The forecasted values for the coming years are as follows: 2.58 billion ZAR in 2024, 2.69 billion ZAR in 2025, 2.8 billion ZAR in 2026, 2.91 billion ZAR in 2027, and 3.02 billion ZAR in 2028.
Year-on-year variations indicate consistent growth in domestic tourism expenditure on water passenger transport services:
- 2024: +4.45%
- 2025: +4.26%
- 2026: +4.09%
- 2027: +3.93%
- 2028: +3.78%
Analyzing the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is estimated at 4.1%. This steady increase highlights a positive trend in the industry.
Future trends to watch for include potential impacts of economic shifts, policy changes on domestic tourism, advancements in water transport infrastructure, and changing tourist preferences, which could all influence the projected spending patterns.
