Forecast: Domestic Tourism Expenditure on Railways Passenger Transport Services in South Africa

Between 2013 and 2023, domestic tourism expenditure on railway passenger transport services in South Africa showed significant fluctuations. In 2013, spending decreased by 24.58% compared to the previous year. This was followed by a stable growth rate in the subsequent years, peaking in 2019 with a year-on-year increase of 68.44%, before a substantial drop due to the COVID-19 pandemic in 2020. Recovery efforts led to rises of 12.91% in 2021 and 15.52% in 2022. In 2023, the expenditure reached 489 million ZAR, up by 3.6% from the previous year.

The compound annual growth rate (CAGR) for the past five years was 11.64%, showcasing a robust recovery from the pandemic's impact. Forecasts for the period from 2024 to 2028 suggest a slower yet steady growth, with a five-year CAGR of 2.69% and an overall growth of 14.21%.

Future trends to watch for include:

  • Technological advancements in railway infrastructure and services.
  • Shifts in consumer preferences towards greener modes of transportation.
  • Government investments and policies aimed at boosting tourism and public transport.

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