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Economy / Namibia

Tapping The Tourism Potential

September 2006 | Market Alert

Namibia's economic prospects are propped up by the swiftly growing national travel and tourism (T&T) industry, currently the fourth fastest expanding tourism sector in the world. Recent research by the World Travel & Tourism Council (WTTC) in collaboration with Oxford Economic Forecasting (OEF) group highlights the promising potential of the tourism sector in Namibia, as a key stimulant of economic growth and development going forward. According to the report, Namibia's T&T sector is estimated to constitute 3.7% of total GDP and 4.7% of total employment in 2006.

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