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.