Tourism in Africa: How to Turn Potential into Economic Opportunity
The tourism industry plays a growing role in the global economy: it accounts for 5% of gross domestic product (GDP), 30% of services exports and 235 million jobs.
In fact, every year, about 1 billion people travel abroad. By 2030, consumer spending on tourism, hotels and recreation in Africa is expected to reach about $ 261.77 billion, or $ 137.87 billion more than in 2015.
Recognizing this, most countries in the region have already developed strategic plans to develop the sector as a catalyst for economic opportunity and development. This report, produced by the Brookings Institute, a Washington, DC-based think tank, provides business leaders with insight into the greatest opportunities and risks of the tourism sector in Africa by examining trends, factors, and perspectives. and strategies for effective investment.
Based on benchmark country cases, this paper also provides policy makers with solutions for areas of improvement to attract private investors, accelerate tourism development, contribute to growth and reduce poverty. by facilitating the achievement of the Sustainable Development Goals and the African Union Agenda 2063.
Download the “Africa’s Potential Tourism” report by clicking on the following link: https://goo.gl/sykYFq