ASATA commissions Grant Thornton to compile SA travel market index report
The Association of Southern African Travel Agents (ASATA) has commissioned Grant Thornton to create an Annual South African Travel Market Index Report to determine the state and size of South Africa’s travel sector.
“The exact state and size of the travel industry in South Africa is currently unknown, and there’s no one source that pulls all trade data together to form an accurate picture of the market,” explains Otto de Vries, ASATA CEO .
“We feel that data and market trend analysis are integral parts of strategic management. A report of this nature would provide a baseline against which the industry would be able to measure growth and track the market’s changes over time.
“The Index will also monitor important statistics such as employment numbers, B-BBEE and market concentration, and draw correlations between industry-specific trends and the overall economic climate.”
Among other insights, the SA Travel Market Index Report will include the number of travellers by route, sector and value, passenger arrivals and departures, B-BBEE statistics and employment statistics.
To conduct the study, ASATA has appointed Grant Thornton, widely regarded as the pre-eminent tourism consultants in Africa, with 30 years’ experience across a range of tourism industry sectors and a track record in conducting studies in travel, tourism, hospitality and leisure.
Grant Thornton’s publications are regarded as the authoritative assessment of tourism. The organisation is widely referred to for their data, statistics and opinions on tourism trends in the region and is also the author of the Tourism Business Index, an initiative launched by the Tourism Business Council of South Africa.
The Index will collate and examine a range of data sources from TMCs and travel agencies and third-party stakeholders such as GDSs, IATA and ACSA in two separate phases, explains Lee-Anne Bac, Director Grant Thornton.
“We will be conducting face-to-face and telephonic interviews, and running electronic surveys, among other initiatives, to create a benchmarking tool that will eventually be used in future Market Index studies.
ASATA members will be called upon through various channels to participate in the Index research and can be assured of the confidentiality of their data.
“It is essential that travel industry stakeholders participate willingly so that the Travel Market Index is representative of the entire travel market industry and benefits all. Look out for details of the study in our newsletters, ASATA App and the press,” concluded de Vries.