Africa | Africa Travel Recovery, Opportunities & Risks (April)
Africa’s travel industry has still been devastated by the ongoing restrictions and reduced tourist sentiment from the global health crisis. Recovery in travel is set to begin in 2021 but international arrivals are still expected to remain 56% below 2019 levels in 2021, with a return to pre-crisis levels not expected until 2024. And, the emergence of new, more transmissible mutations of the virus has increased the downside risks for the travel recovery.
In this issue of Africa Travel Recovery, Opportunities & Risks, we explore:
- When will Africa’s international and domestic travel recover?
- How vaccine rollout will help propel Africa’s travel recovery?
- What are the drivers that could help stimulate future tourism growth in Africa?
Firms must brace for higher ‘new normal’ construction material prices
New research by Oxford Economics suggests that construction materials prices have shifted permanently higher due to the shocks of the past couple of years. Project managers and investors should anticipate costs being at least 15-20% higher in 2024 and onwards than in 2021.Find Out More
New Activity Trackers suggest momentum is waning
After a choppy first quarter of GDP data, our novel Activity Trackers (which incorporate proprietary daily sentiment data from Penta) suggest that economic momentum in EM Asia is on a softer trend in Q2 (at least outside of China) supporting our view of easing underlying inflationary pressures and diminishing appetite for further rate hikes.Find Out More