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Cape City Air Entry, powered by Wesgro, has launched up to date figures for the estimated financial impression of worldwide passengers travelling to Cape City and the Western Cape. The figures spotlight the exceptional financial contribution of air journey to the native economic system, emphasising its position in job creation, direct tourism expenditure, GDP development, and air cargo transported.
Underpinning the indispensable position of aviation within the tourism sector within the province, the arrival of 605 000 international passengers injected a whopping R24.3 billion into the Western Cape economic system in 2022 alone, supporting 10 600 jobs. Which means that for each 100 worldwide passengers travelling to Cape City and the Western Cape, R2.1 million is generated in direct tourism spend. As well as, the identical 100 passengers help the motion of R1.4 million value of air cargo for the province.
The findings reveal that the aviation sector performs a pivotal position in financial prosperity – with the arrival of each 100 passengers enabling a formidable injection of R500 000 to the provincial GDP (Gross Home Product) by direct and oblique aviation worth chains, enabling two native jobs.
An additional evaluation of the demographic breakdown of those travellers reveals that out of each 100 passengers, 39 are South African nationals, whereas the remaining 61 are of international origin. For the highest 5 markets the distribution consists of, on common: eight passengers from the UK; six from Germany; 5 from the US; three from the Netherlands; and three from Namibia – all indicative of our prime supply tourism and export markets.
“These newest financial impression evaluation outcomes underscore the importance of the Cape City Air Entry mission and its position in rising direct air connectivity, making a ripple impact on each tourism and the broader economic system. With the upcoming peak summer time season anticipated to surpass 2019 passenger ranges, it’s clear this quantity will proceed to develop in 2023,” says Wrenelle Stander, Wesgro CEO and official spokesperson for Cape City Air Entry.
Mayoral Committee Member for Financial Development on the Metropolis of Cape City, Alderman James Vos, mentioned: “Aviation is a pillar of Cape City’s vacation spot worth providing and suits in completely with my objective to assist create a tourism-related job in each family within the metro, as a result of once we land extra flights, a number of industries profit. As such, the Metropolis is proud to be a funding companion of the Air Entry initiative which has boosted the native tourism sector and the broader economic system. We stay up for seeing our aviation trade soar to even higher heights within the coming months.”
“These outcomes re-affirm the aviation sector’s rising significance as a serious engine of financial growth, and its far-reaching contributions to different industries as a catalyst for a spectrum of financial exercise. The unbelievable work that Cape City Air Entry has been doing since 2015 continues to pay dividends with the province at present capturing a big share of South Africa’s enterprise and tourism site visitors. It’s additionally value noting that the passenger and cargo connectivity supplied from Western Cape has positively impacted Overseas Direct Funding and commerce, offering a fair higher entry to international markets, encouraging exports, and rising competitors within the native economic system,” concluded Western Cape Minister of Finance and Financial Alternatives, Mireille Wenger.
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