What are the economic recession effects in tourism industry swaziland?

The economic recession in Swaziland has impacted the tourism industry in several ways:

1. Reduced Travel and Tourism Expenditure:

One of the most direct effects of the recession has been a significant decline in travel and tourism expenditure. Travellers from both within Swaziland and abroad have reduced their spending on non-essential travel, including tourism-related activities.

2. Decline in Tourist Arrivals:

The reduced spending has resulted in a decline in tourist arrivals. For instance, in 2009, Swaziland recorded a 25% decrease in tourist arrivals compared to the previous year. This trend has continued, with further declines in tourist arrivals in subsequent years.

3. Lower Occupancy Rates in Accommodation Establishments:

The reduced tourist arrivals have led to lower occupancy rates in hotels, guesthouses, and other accommodation establishments. Many establishments have reported significant drops in their occupancy rates, and some have even been forced to close down due to lack of business.

4. Job Losses and Reduced Incomes in Tourism-Related Sectors:

The decline in tourism has resulted in job losses and reduced incomes for individuals employed in the tourism sector, including tour operators, guides, drivers, hotel and restaurant staff, and souvenir traders. The economic downturn has negatively affected these individuals and their families.

5. Reduced Contribution of Tourism to GDP:

The overall contribution of tourism to Swaziland's Gross Domestic Product (GDP) has declined as a result of the recession. In 2008, tourism contributed about 4% of GDP, but this figure has since decreased. The reduction in tourism revenue has negatively impacted government revenues and the country's economy as a whole.

6. Difficulty in Attracting Investment in Tourism:

The economic recession has also made it more difficult for Swaziland to attract investment in tourism projects. Potential investors are more cautious during economic downturns, and they are less likely to commit funds to tourism ventures that they perceive as risky or uncertain.

7. Negative Impact on Local Communities:

Tourism plays a vital role in supporting local communities and generating employment opportunities. However, the economic recession has limited these benefits, leaving many local communities that depend on tourism facing economic hardships.