After two tough and tumultuous years the travel and tourism industry looks set for a recovery during 2013, with an increasing number of market watchers saying there is a positive outlook for the accommodation sector – which should show growth, or, at least, stabilise.
This is according to Nicolette Kruger, country manager of hospitality software development company, NFS Technology – formerly NFS Hospitality. NFS Technology supplies a host of hospitality-focused software solutions to a number of blue chip companies and corporations, including Transnet, the Edcon Group, ABSA bank, the department of defense, the department of Arts and Culture and most of SA’s tertiary institutions.
“We are seeing a return to normality in the hospitably market – particularly in the accommodation sector- which has been somewhat in the doldrums since it slumped after South Africa hosted the FIFA World Soccer Cup.”
Speaking to the press recently, Eddy Khosa, chairman of the Federated Hospitality Association of South Africa, said the TBCSA FNB Tourism Business Index for the last quarter of 2012 shows a return “to normal trading levels and an overall positive outlook for the travel and tourism sector in South Africa in 2013”.
Khosa especially predicted a positive outlook for the accommodation sector, which, he believes, looks set for growth – or, in the very least, stability. Additionally, the Tourism Business Index (TBI) results for the fourth quarter of 2012 slightly surprise on the upside, reaching 104,6 against a normal of 100. This, in turn, was up on the third quarter TBI in 2012, which scored 101,1 – and a vast improvement on the 201 fourth quarter index, which scored just 87.3