Internal tourism expenditure on railways passenger transport services in South Africa has shown a varied trend over the past decade. Between 2013 and 2019, there was a significant increase from 363 million to 691 million South African Rands, peaking at a 33.14% year-on-year growth in 2019. However, the COVID-19 pandemic in 2020 caused a sharp decline (-19.76% year-on-year). By 2023, the expenditure rebounded to 745 million Rands, a 3.47% increase from the previous year. The 5-year CAGR stands at 7.5%, indicating steady growth despite short-term fluctuations.
Future trends to watch for:
- Continued recovery and growth post-pandemic, with a forecasted 5-year CAGR of 2.6%.
- Investment in rail infrastructure to enhance capacity and efficiency.
- Shifts in tourism patterns and preferences influencing rail travel demand.