Tourism has at least a year to go before recovery, says RMB chief

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SA’s battered hotel industry, running at about 20% occupancy, might need to hold on until the second half of next year

SA’s pandemic-ravaged tourism sector has at least another year to go before it can see any signs of recovery, according to FNB CEO James Formby.

Formby said in a statement on Thursday that SA’s vaccine rollout would support a recovery in the battered local tourism sector in the second half of 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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