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Sector Overview

•This industry remains low hanging fruit for exploration to generate much needed foreign currency for the economy.

•Total annual tourist arrivals in 2018 were estimated at 2.6mn, however it is expected to decline to 2.4mn in 2019, whilst a recovery to 2.5mn tourists is anticipated in 2020.

• Economic unrest, access to local currency and diminishing disposable income is anticipated to dampen both local and international tourism in 2019.

• In the revised budget, the environment, tourism and hospitality industry was allocated $119.4mn.

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@ 2019 Mangwana Capital

Address: 1 Lamorby Close, Greendale, Harare, Zimbabwe
Postal: Private Bag 604E, Harare, Zimbabwe