/Tourism Index indicates disappointing 2017 fourth quarter

Tourism Index indicates disappointing 2017 fourth quarter

During the fourth quarter of 2017, the FNB/Fenata tourism index contracted by 8.4% in real terms, however, given the economic backdrop, FNB Analyst Josephat Nambashuit stressed that it was no surprise that the index retreated.

“The foreign currency translation provided some support during the quarter on the back of a weaker rand against the euro; however, it was the load factors and bed occupancy rates’ negative trends that drove the overall index down,” Nambashu said.

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