Forecast: Internal Tourism Consumption of Tourism Characteristic Products in South Africa

Internal tourism consumption of tourism characteristic products in South Africa stood at 331.69 billion South African Rands in 2023. Analysis shows a variable growth pattern over the years, with notable increases in 2014 and 2019 and a significant drop in 2020 due to the pandemic. However, recovery followed in subsequent years, with a 3.56% increase in 2023. The last five years' CAGR is observed at 6.4%. Forecasted data indicates a steady growth trend, with a forecasted CAGR of 2.63% from 2024 to 2028 and an overall growth rate of 13.88% over the same period.

Future trends to watch for include:

  • Potential impacts of global economic conditions on domestic travel spending.
  • Developments in tourism infrastructure and services in South Africa.
  • Government policies and initiatives aimed at promoting internal tourism.
  • Emerging travel preferences and behavioral changes among domestic tourists post-pandemic.

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