Browsing: air infrastructure

• The tourism sector is increasingly important in the global economy.
• Tourism in Africa is still at an embryonic stage of development and is highly interconnected with longstanding growth and development challenges in infrastructure and security.
• A report predicts that a growing middle class will fuel Africa’s travel and tourism industry and a projected CAGR of 8.9 per cent or $731.4 billion in 2032 in the “leisure” market.

Tourism sector in Africa

Tourism sector is increasingly important in the global economy, contributing up to 5 per cent of total gross domestic product (GDP), 30 per cent of service exports, and approximately 225 million job opportunities.

Indeed, approximately 1 billion people travel internationally annually. Consumer receipts on tourism, hospitality, and recreational activities in Africa are projected to hit about $261.77 billion by 2030, $137.87 billion more than in 2015. From 1998 to 2015, service exports, such as tourism, have grown sixfold faster …