Forecast: Tourism Employment in South Africa

The employment trends in South Africa's tourism sector show a notable fluctuation in the recent decade. Starting at around 659,000 jobs in 2013, the data indicates significant growth and declines over the years, peaking at approximately 774,000 jobs in 2019 before a downturn in 2020. By 2023, the tourism employment stands at approximately 760,000 jobs.

Year-on-year variation from 2019 to 2023 reveals a dynamic trend with percentages reflecting notable increases and decreases. The CAGR over the last five years averages around 4.43%, indicating steady growth despite some year-on-year inconsistencies.

Future trends to watch for include:

• Continued growth in tourism employment, forecasted to reach around 807,000 jobs by 2028, indicating a future CAGR of approximately 0.96% over five years.
• The impact of policy changes, economic conditions, and potentially new tourism initiatives on employment rates.
• Emerging markets and technological advancements that could influence job creation in the tourism sector.