Africa’s Travel and Tourism Industry: Is recovery at sight?

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

The outbreak of COVID-19 pandemic has left a devastating impact on economies across the world. Notably, the Travel and Tourism industry which contributes over €150.0bn (change to the dollar) to Africa’s economy, according to the World Travel & Tourism Council, has been one of the hardest-hit industries by the pandemic, as governments implemented travel restrictions to curb the spread of the virus.

According to the African Union (AU), African countries lost up to $55.0bn in travel and tourism revenues in three months amid the lockdown measures implemented across the globe. This was as the International Air Transport Association (IATA) estimated that the international tourist arrivals in Africa could decline by 1.0% to 3.0% in 2020.

Africa’s Travel and Tourism Industry: Is recovery at sight?
Photo by Manuel Moreno

However, as the world economies begin to re-open for business the big question of how soon the Travel and Tourism industry can recover becomes valid. Although most foreign economies are starting to ease travel restrictions, the majority of African countries remain blacklisted amid concerns over the rising case of COVID-19 within the region.

Accordingly, we believe that the recovery of the African travel and tourism industry will vary from country to country, depending largely on the international visitor’s confidence in the measures put in place by the various governments within the continent.

Read Also:  Research Rockstar LLC Announces Training Partnership for Market Research Professionals in Africa
- Advertisement -

United Capital Research

- Advertisement -
Africa’s Travel and Tourism Industry: Is recovery at sight? - Brand SpurAfrica’s Travel and Tourism Industry: Is recovery at sight? - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Nigeria’s Agricultural Sector: More I’s to dot and T’s to cross?

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Africa’s Travel and Tourism Industry: Is recovery at sight? - Brand SpurAfrica’s Travel and Tourism Industry: Is recovery at sight? - Brand Spur

Latest News

Shoprite surprises customers on a bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly...

CBN retains MPR at 11.5%, Holds other Key Parameters Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) of Nigeria concluded its two-day policy meeting which is the last for...

Custodian Completes Acquisition of UACN’s 51% Stake in UPDC

Custodian Investment Plc has completed the acquisition of the 51 per cent majority equity stake in UACN Property Development Company (UPDC) Plc from UAC...

New report reveals land inequality is worse than we thought and is fueling other inequalities

In a new study released today, researchers say that land inequality is rising in most countries.  Worse, new measures and analysis prove that land...

Hold your heads high, Fabamwo charges newly inducted doctors

At the induction and graduating ceremony of the 15th set of Medical Doctors and 5th set of Dental Surgeons of the Lagos State University...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Africa’s Travel and Tourism Industry: Is recovery at sight? - Brand SpurAfrica’s Travel and Tourism Industry: Is recovery at sight? - Brand Spur