Standard Bank contributed a total of N$75 000 to the tourism sector in a sponsorship deal for the upcoming Hospitality Association of Namibia’s (HAN) annual Congress and Gala Dinner scheduled to be held from the 17th and 18th of November this year.
“For us at Standard Bank it is all about banking on tourism and essentially bringing back the buck to our economy. It is reported that we have seen a steady increase in tourist numbers in our country every year. In 2015 there were over 1.4million tourist arrivals in the country and this number is projected to increase to over 1.5 million. Most of these tourists come from South Africa, Germany, the United Kingdom, Italy and France,” said Adv. Sigrid Tjijorokisa, SBN Acting Head of Marketing.
Growth in the tourism industry was expected to improve in 2016 and to remain stable over the medium term. According to Bank of Namibia’s June Economic Outlook for this year, hostels and restaurants’ sub-sector is projected to expand by 4.2 percent and 4.8 percent in 2016 and 2017 respectively, which is an improvement from 3.9 percent for 2015.
The depreciation of the Namibia Dollar currency projected growth in the tourism sector which was supported by the increase in overseas tourists who took advantage of the currency depreciating.
Next month’s theme for the anticipated HAN Congress and gala dinner is titled “Tourism on the Highway to Success”, which will be expected to take place at the Nampower Convention Centre.