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09 November 2017
More growth expected in tourism sector
THE tourism industry is expected to experience growth in the years to come as opposed to other industries which have been adversely affected by the global economic crisis.
Hospitality Association of Namibia (HAN) chairperson Shepherd Chinhoi said tourism has seen enormous growth, despite other industries experiencing a downward trajectory.
Speaking at yesterday's launch of HAN's congress for 2017, which also marked its 30th anniversary, Chinhoi said the world tourism report shows that the industry the world over is expected to grow by 4% in 2020. He said in many countries, the tourism industry will experience double-digit growth, and Namibia is no exception.
Standard Bank's head of the strategic sector, Manus Grobler, said tourism contributes more than 15% to Namibia's gross domestic product.
He stressed that tourism is booming in the local economy, especially towards the end of the year, while growth is expected to improve in 2018, and remain stable over the medium term.
Source: Namibian