For financial stability of Zimbabwe, tourism plays a key role!

 Saturday, August 11, 2018 


imagesOne such area, which brags of several opportunities, is the tourism sector. As per an analysis by African Sun Limited, Zimbabwe at present ranks 117th in most likely travel destinations in the world in comparison to South Africa which ranks 60th.

According to Rishabh Thapar, associate director of global hospitality consultancy, HVS Africa, the new government and president is accountable of building up the economy, which is not going to be an instant fix.

“Tourism policies and infrastructure can create massive opportunities for an economy. Not only through job creation and direct and indirect income from tourism activities but also creating opportunity for interaction and business avenues,” said Thapar.

“According to World Travel and Tourism Council, while the direct contribution of travel and tourism to Zimbabwe’s GDP was 3.5 per cent, the total contribution of Travel and Tourism to GDP – including wider effects from investment, the supply chain and induced income impacts – was over eight per cent in 2016 and 2017.”
One of the important plans for the new government should be to reinstate financial and political stability by involving its expert workforce in national building programs and schemes. “More than three million Zimbabweans are estimated to be living outside their country, having left the country for better economic prospects during the last two decades. This accomplished workforce with their experience of living abroad would certainly play a crucial role in the rise of Zimbabwe if they were to return to their country,” Thapar noted.

He clarifies that a phase of reestablishing confidence among its citizens and the international community could usher an era of improved domestic and foreign investment and growth which perhaps has remained stunted for a better part of two decades.

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