FEATURED STORY

Africa shines on travel and tourism industry

Share
The Africa Continent
Share

Africa’s travel and tourism industry, one of the most important economic activities across the continent, continues to record an impressive growth over the years.

The Jumia Travel Hospitality Report Africa 2018 cites that the continent in 2017 hit a 63 million high in international tourist arrivals compared to 58 million in 2016, recording a nine percent increase.

According to the report, the growth recorded was slightly above the global performance of seven percent in 2017 with Africa’s share of international tourist arrivals at five percent. Europe recorded 51 percent share, Asia and Pacific 24 percent, America 16 percent, and the Middle East four percent respectively.

Kenya, Ivory Coast, Mauritius, and Zimbabwe had strong performances in the industry while Tunisia and Morocco were driven by continued recovery. African island destinations Seychelles, Cabo Verde and Reunion reported double-digit growth in arrivals.

While the industry’s direct contribution to the GDP stood at 3.3 percent, but a total of 8.1 percent to Africa’s GDP (USD177.6 billion) was presented in 2017 with the percentage expected to rise to 12 percent in 2018.

The travel’s and tourism sector is one of the major employers in the continent supporting over 22 million jobs in 2017, approximately 6.5 percent of total labor. The jobs, direct and indirect is also expected to rise to 23 million occupations in 2018.

READ: KENYA’S TOURISM REVENUE JUMPS TO 157.4 BILLION

“The African economy has been gaining momentum with real output growth estimated to have increased by 3.8 percent in 2017 and expected to reach 4.1 percent by 2018/2019,” read part of the report.

Africa has been reported to demonstrate its true potential in global economic growth despite the start from a low economic base and political instability across the continent.

SEE ALSO: KENYA RANKED 4TH BEST PERFORMING BRAND WORLDWIDE

The introduction and rise of international hotel brands is the key factor in the growth of the hospitality industry. With over 100 brands in pipeline activity of 76,322 rooms in 418 hotels published in 2018, 298 hotels were found in Sub Saharan Africa while North Africa recorded 120 hotels.

Africa’s air passenger traffic share, however,  is performing dismally at only 2.2 percent of the world total and is expected to grow over the next 20 years.

Written by
Brenda Gamonde -

Brenda Gamonde is reporter with Business Today. Email: [email protected]

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
KenGen Share price
BUSINESSFEATURED STORYSTOCKS

KenGen Half-Year Profit Drop.  What You Need to Know

KenGen(Kenya Electricity Generating Company) a listed electricity generating company, has its cash...

BUSINESSFEATURED STORY

Kenya Loses Top Avocado Producer in Africa Position to Morocco

Kenya has been overtaken by Morocco as Africa’s top avocado exporter according...

NSE has launched an innovation hub to advance its digital transformation
FEATURED STORY

Nairobi Securities Exchange Admits Cinemark as a Dealer

Nairobi Securities Exchange(NSE) Plc has announced the admission of Cinemark Consult Limited...

Ms. Afaf Kontar, Chief Executive Officer of AHI Carrier (right), joins Kishore Reddy, Managing Director of North Star Cooling Systems (left), in cutting a ribbon to officially unveil the first dealer-based Carrier and Toshiba HVAC showroom in Nairobi, launched in partnership with North Star Cooling Systems.
BUSINESSFEATURED STORYNEWSTECHNOLOGY

AHI Carrier Expands Footprint in Kenya with New Dealer Showroom

AHI Carrier, a joint venture of Carrier Global Corporation, has expanded its...