Monday, 7 December 2015

Hospitality industry in sub-Saharan countries -The present state of the industry and current trends


Hospitality industry in sub-Saharan countries -The present state of the industry and current trendsTimes pass but the current state of the industry cannot be compared to what it was 10 years ago since there is bigger gap between developed and developing countries.   Dar es Salaam, December 7th, 2015 - The hospitality industry is one of the core sectors which has a major impact on the GDP growth of a country, it always produces positive trading activities and growth of the other sectors. In 2014, the tourism sector worldwide generated more than USD 7.6 trillion which is more than 10% of the total GDP, it also contributed more than 200 million job vacancies.  


Despite the rise in the contribution of GDP growth, a gap still exists between the tourism sectors of developed and developing countries.  Andrea Guzzoni , Country Manager of Jovago Tanzania explains.   “Europe, America, and Asia-Pacific still dominate the world tourism sector worldwide, while in sub-Saharan countries with the longstanding problems of infrastructures, health and hygiene, education and the government policies are in the lower ranks”   According to the 2015 Global Travel and Tourism Competitive Report ranking, South Africa was 48th, Namibia 70th, Kenya 78th and Tanzania 93rd while all the top 10 positions in the overall list originated from Europe, America and Asia.  

Structure for growth -Investment Incentives and Government Policies   Mr Guzzoni adds that, knowing the potentiality of the hospitality industry to diminish poverty, most of the countries in the sub-Saharan region have promoted the sustainable policies which play a major role in the industrial development. Tanzania for example, has promoted the private sector since 1999 and still produces a conducive environment for any investor whether foreign or local. Tanzania provides residence and work permit as well as industrial license depending on terms and conditions through which foreign investors can conduct business without affecting the country's economy negatively. Read More...

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