As one of the world’s largest economic sectors, Travel & Tourism creates jobs, drives exports, and generates prosperity across the world. The International Year provides an enormous opportunity to further showcase the tremendous economic, social, cultural, environmental, and heritage value that the sector can bring. Below are some key impacts travel and tourism had on Botswana's economy.
1. Direct contribution: The direct contribution of Travel & Tourism to GDP was BWP6,278.9mn (USD573.5mn), 3.9% of total GDP in 2016 and is forecast to rise by 8.5% in 2017, and to rise by 5.1% pa, from 2017-2027, to BWP11,208.0mn (USD1,023.7mn), 4.3% of total GDP in 2027.
2. Total contribution: The total contribution of Travel & Tourism to GDP was BWP17,779.5mn (USD1,623.8mn), 10.9% of GDP in 2016, and is forecast to rise by 6.5% in 2017, and to rise by 5.5% pa to BWP32,204.9mn (USD2,941.3mn), 12.2% of GDP
3. Employment contribution: In 2016 Travel & Tourism directly supported 25,000 jobs (2.6% of total employment). This is expected to rise by
6.8% in 2017 and rise by 4.8% pa to 43,000 jobs (3.8% of total employment) in 2027.
4. Visitor exports: Visitor exports generated BWP6,220.0mn (USD568.1mn), 5.8% of total exports in 2016. This is forecast to grow by 11.6% in 2017, and grow by 4.9% pa, from 2017-2027, to BWP11,146.6mn (USD1,018.0mn) in
2027, 8.9% of total.
5 Investment: Travel & Tourism investment in 2016 was BWP3,712.8mn, 8.5% of total investment (USD339.1mn). It should rise by 0.8% in 2017, and rise by 5.0% pa over the next ten years to BWP6,083.8mn (USD555.7mn) in 2027, 8.6% of total.