/Tourism revenue practices under spotlight

Tourism revenue practices under spotlight

The tourism sector’s contribution to GDP has again come under spotlight amid concerns that revenue generated through foreign agents was not being repatriated to Namibia.

They speculate that tourism’s contribution to GDP might increase from the current 15 percent if more bookings where done in Namibia.

These financial sector players conjectured that because of the existing practice, where some funds remained abroad for activities carried out in Namibia, the impact of the industry on the Namibian economy was not showing any growth.

Source & Copyright and Read More: https://www.observer.com.na/index.php/business/item/10534-tourism-revenue-practices-under-spotlight