2010 FIFA World Cup visitors to South Africa will stay longer and spend more, updated projections by Grant Thornton show.
Grant Thornton’s projected number of World Cup visitors is 373,000 and it is expected that many of the visitors will stay longer and spend more.
Visitors are expected to attend an average of 5 soccer matches per person; compared to an average of 2.6 matches attended by foreigners at the World Cup in Germany in 2006.
The Gross economic impact will be R93 billion, with 62% expected to be generated pre-2010 and 38% during the course of this year. Foreign tourism will account for 16% of the gross impact. The majority of economic spend comes from national governments spend on infrastructure and some operational expenditure. This will have a significant positive impact on the annual job figures.
http://www.businessday.co.za/articles/Content.aspx?id=106848
www.directinvestment.biz
Tuesday, April 27, 2010
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