GREATEST CITY TO VISIT

With the introduction of the ‘New South Africa’ in 1994, Cape Town opened up as a global tourist destination. Cape Town’s stunning scenery (Table Mountain, white sandy beaches and breathtaking Cape Winelands), its fabulous cuisine at very reasonable prices, cosmopolitan mix of own cultures, mild Mediterranean climate, great lifestyle and the friendliest people, have made it a top international tourist destination.

CONTINUED INCREASE IN TOURISM

As a result, Cape Town’s international tourist arrivals have increased steadily over the years. Importantly, average spend per arrival has also increased steadily. Therefore, total tourism spend has increased significantly.

 

CAPE TOWN GLOBALY UNDER REPRESENTED IN TOURISM

The city, however, ranks outside the top 100 most visited global destinations by tourist numbers. It currently receives 1.7million international visitors per annum while the city in the 100th position receives 2million visitors

GOVERNMENT IS PRIORITIZING TOURISM

Therefore, Cape Town is strongly positioned for catch-up growth
in tourism arrivals and tourism spend.

CAPE TOWN TOURISM PROPERTY STILL UNDERPRICED GLOBALLY

 The projected tourism growth in Cape Town bodes well for tourism property prices which are

relatively underpriced compared to other tourism cities globally.

CAPE TOWN TOURISM PROPERTY PRICES GROWING IN LINE WITH TOURISM SPEND

 The correlation between the increase in tourism spend and increase in tourism property prices are clear.

Each has grown at a 15 % annual rate in the previous five years.

Catch Up Growth In Tourism

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Globally Underpriced Tourism Property

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Continued Capital Appreciation