The slow road to recovery for city tourism
The pandemic had a devastating impact on tourism in 2020 and we expect that 2021 will be another challenging year as vaccination roll-outs have been slower than expected and renewed waves of infection have taken hold. International visitor arrivals to cities covered in our Global City Travel (GCT) service are set to be 57% below 2019 levels in 2021 while domestic visitor arrivals will remain 10% below pre-crisis levels.
What you will learn from this report:
- City destinations will encounter a more challenging recovery compared to non-city destinations as tourists increasingly opt for less crowded destinations.
- Domestic tourism, benefiting from an earlier easing of restrictions and quicker rebound in traveller confidence will lead the overall recovery, regaining pre-crisis levels by 2022.
- International visitor arrivals to cities will be slower to recover, not exceeding 2019 levels until 2024.
Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.Find Out More
APAC Key themes 2024 – A year of living cautiously
In 2024, the main influence on Asia is likely to be a global slowdown, particularly in China and the US. Moreover, governments have limited policy space to deal with these headwinds. Other negative influences, however, are set to ease further, including domestic inflation, external pressure on interest rates, and softening semiconductor prices. Overall, we expect a bumpy year as issues become more country-specific and policy responses and economic outcomes diverge.Find Out More