The seminar theme - Making Africa the World’s Next Premiere Travel Destination - will provide more than 200 leaders from the public and private sectors an inside look into the vast array of business exploration and investment opportunities in the travel and tourism industries in Africa.
Africa is poised to increase its world market share in tourism and this seminar will help lay the groundwork placing Africa top-of-mind among American tourists and investors.
Currently sub-Saharan Africa accounts for 1.3% of the world market share in the travel and tourism industry. In 2007, the sector generated close to $90 billion in economic activity and is expected to exceed $185 billion within the next 7 years for the region, demonstrating positive growth and investment opportunities.
Sam Taylor, founder of Reputation Dynamics and Associate Partner of Corporate Donor Travel for Elevate Destinations, will be participating in a workshop and address the growth of Experiential Tourism in the context of alignment with economic, social and environmental responsibility trends. Experiential Tourism, encompassing eco-, nature, heritage, community and adventure tourism, is expected to grow three times faster than the tourism industry as a whole. In fact, beginning in the 1990s, this sector has grown 20-to-34% per year and could grow to 25% of the world’s travel market within six years, taking the value of the sector to $473.6 billion a year.
Event topics include sports and tourism, infrastructure development, marketing Africa, traveler perception, travel industry-related investment opportunities, airline and hotel development, as well as travel trends in Africa.
CCA, established in 1993, is a nonpartisan 501 (c) (3) membership organization of nearly 200 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. The organization is dedicated to bringing together potential business partners and to showcase business opportunities on the continent. For more information on CCA, seminar and agenda visit www.africacncl.org.
The seminar will be held February 27-28, 2008 at the Jacob K. Javits Convention Center in New York, immediately preceding The New York Times Travel Show 2008.
Statistical Reference: World Tourism Organization (WTO).