DURBAN - The Vodacom Durban July this Saturday has increasingly brought in a number of visitors from outside of the province and the annual horse racing event is set to bring in an economic injection worth around R300 million for Durban.
According to a Vodacom Durban July media statement, up to 40 percent of the crowd at the event will have travelled into KwaZulu-Natal for the weekend, most of them from Gauteng.
This will result in a massive demand for luxury accommodation, pre- and post-event parties, restaurants and entertainment in the greater Durban area.
According to Durban Tourism, projected event visitors are estimated to be around 32 191 local residents, and 11 683 tourists. DurbanTourism has projected that, if spending is similar to previous years, visitors will spend around R 99 685 997 with a contribution to eThekwini’s GDP of R 267 976 581.
Phindile Makwakwa, the Acting Chief Executive of Tourism KZN said, "We are expecting over 45 000 patrons to come to the Vodacom Durban July and many more who come for all the activities around the Vodacom Durban July We are project a 85 percent hotel occupancy".