Internal tourism expenditure on road passenger transport services in South Africa stood at 63.24 billion South African Rands in 2023. Over the past decade, the expenditure has shown notable volatility. The early years demonstrated moderate growth, followed by a significant slump in 2017. The post-2017 period saw a robust rebound, peaking in 2019, with a sharp increase of 43.55%. Despite a dip in 2020 due to pandemic-related disruptions, recovery ensued with an average growth rate (CAGR) of 7.8% over the past five years. Current forecasts indicate an upward trend with a 2% CAGR from 2024 to 2028, reaching 71.81 billion in 2028.
Future trends to watch for:
- Impact of infrastructure investments on road transport.
- Influence of economic conditions on domestic tourism.
- Shifts towards sustainable and eco-friendly transport options.
- Pandemic recovery effects on tourism patterns and spending.
