NAMIBIA INTERNATIONAL INVESTORS CONFERENCE THE ECONOMIC IMPACT OF THE TOURISM SECTOR ON THE NAMIBIAN ECONOMY: THE TOURISM SATELLITE ACCOUNT Presented by Dr. K. Shangula 31st November 2007 Windhoek, Namibia - PowerPoint PPT Presentation

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PPT – NAMIBIA INTERNATIONAL INVESTORS CONFERENCE THE ECONOMIC IMPACT OF THE TOURISM SECTOR ON THE NAMIBIAN ECONOMY: THE TOURISM SATELLITE ACCOUNT Presented by Dr. K. Shangula 31st November 2007 Windhoek, Namibia PowerPoint presentation | free to download - id: 419269-OTY5M



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NAMIBIA INTERNATIONAL INVESTORS CONFERENCE THE ECONOMIC IMPACT OF THE TOURISM SECTOR ON THE NAMIBIAN ECONOMY: THE TOURISM SATELLITE ACCOUNT Presented by Dr. K. Shangula 31st November 2007 Windhoek, Namibia

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Title: NAMIBIA INTERNATIONAL INVESTORS CONFERENCE THE ECONOMIC IMPACT OF THE TOURISM SECTOR ON THE NAMIBIAN ECONOMY: THE TOURISM SATELLITE ACCOUNT Presented by Dr. K. Shangula 31st November 2007 Windhoek, Namibia


1
NAMIBIA INTERNATIONAL INVESTORS CONFERENCETHE
ECONOMIC IMPACT OF THE TOURISM SECTOR ON THE
NAMIBIAN ECONOMY THE TOURISM SATELLITE
ACCOUNTPresented by Dr. K. Shangula31st
November 2007Windhoek, Namibia
2
PURPOSE OF PRESENTATION
  • BACKGROUND ON TOURISM SECTOR
  • ITS IMPACT ON NATIONAL ECONOMY
  • ? Foreign Exchange Earnings
  • ? Employment Creation and Poverty Alleviation
  • ? Its Contribution to National Income
  • ? Its contribution to Governments Revenues
  • CHALLENGES
  • ACHIEVEMENTS CBNRM focus
  • CONCLUSION

2
3
BACKGROUND ON TOURISM SECTOR
  • Catalyst for national economic development
  • Since independence its share contribution to
  • national economy has been increasing
  • Tourist arrivals increased from 254 978 in 1993
    to 833 350 in 2006
  • Downturn in number of arrivals in years 2001-2003
  • (terrorism, military conflicts, world economic
    recession)
  • Tourism arrivals normalize in 2004
  • Namibia primarily a nature-based tourism
    destination

3
4
Economic Impact of Tourism
  • Multiplier impact makes tourism viable and
    valuable tool for socio-economic development
  • Impact of tourism segmented into 4 main
    components
  • ? Foreign Exchange Earnings
  • ? Employment Creation and Poverty Alleviation
  • ? Its Contribution to National Income
  • ? Its contribution to Governments Revenues

4
5
Economic Impact of Tourism Foreign Exchange
Earnings (FEE)
  • For 2006 gross receipts from international
    tourist arrivals is N4.2 billion
  • FEE vital for sustaining development
  • Tourism generates much-needed foreign exchange
  • This has contributed to the diversification of
    the national economies

5
6
Foreign Exchange Earnings cont
  • Three important variables for the measurement of
    receipts from tourist
  • ?Tourist arrivals business travelers 102 489
    (12.3) ), visiting friends and relatives 309 632
    (37.2) and holiday traveler 405 904 (48.7)
  • ? Length of stay ALS is 19 days
  • ? Per diem important to provide a value for
    money

6
7
Foreign Exchange Earnings
7
8
Employment Creation
  • positive growth in the number of accommodation
    establishments
  • The growth of small and medium enterprise,
    particularly, in the rural areas, is contributing
    towards employment creation
  • In 2006 the broader tourism economy was expected
    to create 71.800 (direct and indirect)

8
9
Employment Creation
  • Of these, 18. 800 jobs will come from the tourism
    industry, which represent 4.7 of the countrys
    workforce.
  • It is forecasted that economic growth will result
    in 4.2 annual increase in jobs between
    2007-2016.

9
10
Tourisms Contribution to National Income
  • Tourism Satellite Account (TSA) for 2006 was
    N1.5 billion of the gross domestic product,
    which constitutes about 3.7 of total GDP.
  • Because of its multiplier effect TSA
    contribution amount to N6.7 billion.
  • N1.3 billion was the estimated capital
    investment which constitutes 12.3 of total
    investment.

10
11
Tourisms contribution to Government Revenue
2005/2006
  • Park entrance fees 26 971 695.33
  • Private telephone calls 300.00
  • Film fees 70 900.00
  • Unclaimed cheques 257 769.87
  • Miscellaneous 239 449.50
  • Departmental fines
    17 049.10
  • Tourists concessions
    1 859 522.11
  • Applications fees for gambling licences
    43 200.00
  • Wildlife registration and licences
    176 800.00
  • Wildlife utilization permits
    215 245.00
  • Aeronautical Taxes
    1 000 000.00
  • TOTAL
    120 851 930.91

11
12
CHALLENGES
  • Continuing growth of source markets, and
    diversification
  • Competition
  • Destination management
  • Offer value for money
  • Growing demand for responsible tourism
  • Demand for accurate and timely data for TSA
  • Challenge of management and leadership (lack of
    skills and expertise)
  • Lack of tourism marketing (at community level),
    promotion and operations skills

12
13
Achievements CBNRM focus
  • In 2006 CBNRM generated more than N26 million.
  • Conservancies earned more than N19 million
  • ( approx. 73 of total CBNRM income).
  • Joint Venture Tourism N9 830 198 (51.6).
  • Trophy hunting N6 075 868 (31.9).
  • Small tourism enterprises approx N7 million.
  • Cash income to conservancies increased from N592
    467 in 1998 to N14 506 221 in 2006.

13
14
CONCLUSION
  • Tourism industry is growing fast in Namibia.
  • GOVT has made substantial direct financial
    investment in the tourism industry.
  • Concerted efforts needed from all stakeholders to
    spread benefits from tourism

14
15
As investor, we invite you
  • To invest in trans-frontier conservation areas
  • To invest in conservancies.
  • To enter in Joint Ventures with Conservancies
  • To enter in Public-Private Partnership with
    Namibia Wildlife Resorts and Local Governments.

15
16
As visitors we invite you
  • To visit natural heritage of land- Etosha,
    Sossusvlei, Fish River Canyon.
  • To visit rock art of earlier peoples.
  • To see wildlife.
  • To see remains of the German colonial past.
  • To enjoy the warms of Namibians and their
    hospitality.

16
17
I THANK YOU
17
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