Following a period of minimal activity due to political unrest, Côte d’Ivoire’s tourism sector is now showing signs of recovery. According to the World Travel & Tourism Council (WTTC), in 2012, the travel and tourism industry directly contributed CFA285.4bn (€428.1m), or 2.4% to GDP, with the figure set to rise by 3.6% to CFA295.6bn (€443.4m) in 2013. By 2014, growth in direct and total...
Tourism
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With one of the world’s strongest tourist industries, Thailand is now working to build on its international reputation, developing high-earning segments and broadening its market reach.
A leading cocoa producer and exporter of low-cost power, Côte d’Ivoire is one of the more economically diverse and mineral-rich countries in West Africa. The country is a member of ECOWAS and the Economic and Monetary Community of Central Africa, as well as party to several international trade agreements, which help improve macro stability.
A tourism leader in the region, Malaysia has seen its position challenged in recent years as nearby rivals have stepped up efforts to attract more visitors.
As South Africa’s visitor numbers pick up, revenues are returning to a tourism industry that suffered a post-World Cup dip compounded by the effects of a tough global environment. Some 4.4m tourists visited South Africa in the first six months of 2012. The government is working to increase the tourism sector contribution to the economy, from a 2009 baseline figure of R189.4bn ($23bn), or 7.9% of...
With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region.