How is the state of domestic tourism if the Rand is strong

If the Rand is strong, people are more likely to travel to other countries.

Strong rand will result in the increase in number outbound

It because it is the largest contributor to GDP and boosts the economy of the country

Explain why tourism is referred to as the "new gold ",w

To assess the state of domestic tourism when the rand is strong, you can consider a few factors:

1. Affordability: A strong rand means that the purchasing power of domestic tourists increases when traveling abroad. This can make foreign destinations more appealing and potentially divert some domestic tourists away from local travel. However, it can also make local travel more affordable for international tourists, potentially boosting the domestic tourism industry.

2. Competitiveness: A strong rand can make imported goods and foreign travel services relatively cheaper for local tourists, potentially reducing the competitiveness of domestic tourism. This could lead to a decrease in demand for local travel and negatively impact the industry.

3. Investment in tourism: A strong rand may lead to increased investment in the domestic tourism sector. Both local and foreign investors might be encouraged to invest in tourism infrastructure, accommodations, attractions, and services due to favorable exchange rates. This can help develop and expand the domestic tourism industry, leading to its growth.

4. Government policies: Government policies can play a significant role in maximizing the benefits of a strong rand for domestic tourism. For example, promotion campaigns, tax incentives for the tourism sector, and improvements in local tourism infrastructure can help attract and retain domestic tourists.

To evaluate the precise impact of a strong rand on domestic tourism, it is essential to consider these factors and analyze specific data, reports, and industry insights.