This is according to the TBCSA FNB Tourism Business Index (TBI), which registered a performance index of 87.3 in the fourth quarter of 2011, against an expected industry index of 80.7 and an actual index of 70.0 for the previous quarter.
TBI, a Tourism Business Council of South Africa (TBCSA) initiative, provides a national indication of current and future performance across the various businesses operating in the South African travel and tourism sector.
Accommodation and other tourism business sectors performed better than expected in this edition of the TBI. The results of the accommodation sector showed a near return to normal operating levels, although expected business performance is still a modest 82.2 for the 1st quarter of 2012. Mmatšatši Marobe, TBCSA CEO, said the positive results were encouraging.
"Considering the index had been on a steady decline since the start of 2011, it is encouraging to see that we have ended the year on a more positive note," she said. "We hope that this is a trend that will continue in 2012, despite the ongoing economic hurdles."
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