Inbound tourism expenditure on sports and recreation services in South Africa saw a fluctuating trend from 2013 to 2023, peaking in 2021 at 11.58 billion South African Rands. The year-on-year growth varied significantly, with notable peaks in 2014 (23.45%) and 2016 (22.46%). The sector experienced a dip in 2020 (-13.25%) followed by a robust recovery in 2021 (24.9%). By 2023, the value stood at 12.37 billion SA Rands with a modest annual growth rate of 3.28%.
Future trends to watch for include:
- Continuing modest growth with a forecasted 5-year CAGR of 2.41%, reaching 14.42 billion SA Rands by 2028.
- The impact of global economic conditions and potential changes in tourism policies could further influence expenditure.
- Emerging sports events and recreational activities gaining popularity could potentially boost inbound tourism expenditure.
