Botswana tourism industry remains elastic in global recession

30 March, 2009 in Botswana, Business, Tourism

source: Standay Standard
by Gowenius Toka
29.03.2009

The Chief Executive Officer of the Botswana Tourism Board, Myra Sekgorwane, maintains that Botswana’s tourism industry has remained elastic despite the negative and seemingly unabating impact of the unfolding global recession on world economies.
Sekgororwane said Botswana has not been severely affected to the traditionally long booking lead time.

That notwithstanding, there is an estimated 19% decline in bookings compared to the previous year and some facilities are said to have recorded cancellations even though they are seen as relatively insignificant.

Sekgororwane posits that she found comfort in the recognition that the investment appetite has not at all declined, but decided the best thing to do in the circumstances is to capitalize on the opportunities available at the moment.

However, it is my considered view that in times such as these the important thing is to have an assertive and [continue reading]

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