Tourism Business Council's Response to Brexit
July 2016 - With the UK recently voting to leave the European Union, the Tourism Business Council of South Africa (TBCSA) has released a statement outlining how the move could affect tourism in South Africa.
To read the full statement, click here (pdf)
The main points of the statement are:
• While it's too early to establish the full impact, the UK's decision "will in all probability affect travel between the UK and South Africa, as well as investment both in the short, medium and long term."
• As a result of the Pound's devaluation, TBCSA expects that British travellers will decide to "hold onto their money and reduce their travel, particularly to long haul destinations like South Africa."
• Regarding short to medium-term investment, TBCSA expects to see many investment decisions kept on hold as investors wait to see if the UK activates the EU's Article 50 or if the country reconsiders the decision to leave following increased public pressure.
• If Article 50 is activated, TBCSA anticipates that British investment in South Africa could reduce significantly in the medium to long term, especially in the hospitality and aviation industries.
TBCSA concludes that it's a 'wait-and-see' game with all in the industry needing to commit to working together to make travel to South Africa a compelling proposition for UK travellers.
Travelling to or from South Africa with children under 18? Read our guide to South Africa's child travel laws here.