Forecast: Internal Tourism Consumption of Road Passenger Transport Services in South Africa

The internal tourism consumption of road passenger transport services in South Africa stood at 63.24 billion South African Rands in 2023. Analyzing year-on-year trends and percentage variations, the series saw fluctuation, with a significant drop in 2017 of -10.97%, followed by a sharp rise in 2019 of 43.55%. In more recent years, the trend shows moderate growth, with a 2.66% increase in 2023. The 5-year CAGR until 2023 averaged at 7.8% reflecting steady growth.

Future trends to watch for:

  • Sustained growth projected, with an anticipated average annual rise of 2% over the next five years.
  • Factors influencing this growth include economic stability, infrastructure improvements, and tourism initiatives.
  • Potential impacts of global economic conditions and local market dynamics on consumer spending and travel behavior.
  • Technological advancements in transport services and their adoption.

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