© Via Afrika
Publishers Its advantages are • They are refunded if lost or stolen
• They are available in all major currencies and can be exchanged at most hotels, restaurants
and shops around the world • They are useful as currency if a tourist is unable to find a functioning ATM. Its disadvantages are
• The exchange rate for traveller’s cheques is not as favourable as the interbank rate that tourists get when using a creditor debit card
• Nowadays few shops and businesses accept traveller’s cheques
for the purchase of goods • There are bank charges and fees for converting cash into traveller’s cheques.
Unit 2 Foreign market share 1. Concepts 1.1 Inbound tourists Inbound tourists are incoming tourists, ie - people travelling to South Africa.
1.2 Foreign market share Foreign market share is the portion of the inbound tourism market that a specific country controls and includes both the number of tourists and the amount they spend. The two main categories
of foreign markets are •
Land markets: Countries whereat least 60% of arrivals from the country arrive by land. For South Africa land markets are Botswana, Lesotho, Mozambique, Malawi, Namibia,
Swaziland, Zambia and Zimbabwe.
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