WINDHOEK: The tourism sector expects poor business performance for the first quarter of 2013 compared to the same period last year.
Manager of Research and Competitor Intelligence at First National Bank Namibia (FNB), Namene Kalili in a media statement issued on Monday said the industry is now also moving into the slow season.
The first quarter of 2013 would be worse than 2012, based on airline load factors and the fact that tourists in the first quarter were low spenders, Kalili stated.
He said the industry’s investment appetite continued to deteriorate while employing fewer people.
Furthermore, inflation within the tourism sector remains relatively high in relation to inflation in the main source market, Europe, which will make Namibia a less competitive holiday destination when compared to other holiday destinations, he stressed.
Activity operators were the only operators optimistic about the first quarter and understandably so, given the hype surrounding the Adventure Travel World Summit slated for October this year, Kalili stated.