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Learn moreNov 2020
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In response to the onset of COVID-19 in South Africa, there were numerous border closures, limits on intra-provincial travel and other restrictions on travel and movement mandated by the government that led to an immediate collapse of business activity in the travel industry early in 2020. Significant declines in value sales were posted as international and domestic travellers remained at home in order to avoid becoming infected and/or spreading the virus.
The initial hard lockdown spanned 26 March to 30 April. During this time borders were closed to tourists but not for the distribution of goods, while inter-provincial travel was banned, and domestic and international tourist flights ceased.
COVID-19 continues to exert great pressure on South Africa’s scheduled airlines, whose services already bear scars from ongoing struggles to maintain viability during the review period. Indeed, despite being set to post a commanding value share lead in airlines in 2020, national carrier South African Airways nevertheless finds itself mired in the provisional liquidation declared in June.
Not surprisingly, the pandemic-related collapse of the wider travel and tourism industry in 2020 has had a significant negative impact on online booking platforms and intermediaries, driving down value sales and the number of bookings and forcing players to focus on refunding monies already paid by travellers and issuing vouchers for future travel rather than booking new trips, transport and lodging. While larger intermediaries look likely to survive, it is the considerable number of smaller, independent intermediaries that are finding it difficult to cope with severely limited operations.
As South Africa gradually emerges from the economic travails of the COVID-19 pandemic, travel and tourism, so ravaged in 2020, is expected to rebound immediately with strong growth in 2021 based on pent-up consumer demand. However, that growth is then expected to moderate as the forecast period progresses, so much so that it is unlikely that value sales at 2020 constant prices will reach their pre-pandemic 2019 levels even by the end of the forecast period.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel industry in South Africa with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you are in the Travel industry in South Africa, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in South Africa for free:
The Travel in South Africa market research report includes:
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This industry report originates from Passport, our Travel market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.