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Donu2019t just chase tourism dollars u2013 economist
Donu2019t just chase tourism dollars u2013 economist

Don’t just chase tourism dollars – economist

While the Namibian government has pinned its hopes on reviving the tourism sector, new lockdowns are being introduced all over Europe.
Cindy Van Wyk
OGONE TLHAGE







WINDHOEK

Government is being urged not to throw caution to the wind and relax restrictions for tourists from the northern hemisphere as Europe experiences its second wave of Covid-19 infections.

While the Namibian government had pinned its hopes on reviving the tourism sector, which remains one of the most deeply affected, new lockdowns are being introduced in European countries, which will likely hamper any planned revival of the sector.

Economist Omu Kakujaha-Matundu says it is important for the government not to let its guard down amid the surge of new cases in Europe.

“A word of caution to the Namibian government is that, amidst the upsurge in Europe, Namibia should not chase the tourist dollar and let its guard down by relaxing local regulations vis-a-vis incoming tourists from Europe,” he said.

Kakujaha-Matundu said the tourism sector will feel the effects of the pandemic for a long time to come.

“Namibia cannot afford a second wave; that could be more devastating than foregoing tourist dollars. The tourism sector is in it for the long haul. The tourism revival plan will not bear fruit sooner. Tourist numbers won't stabilise until at least 2023,” he warned.

Optimistic

Fellow economist Klaus Schade, on the other hand, is not too concerned, saying Namibia is regarded as a low-risk destination by a number of European Union (EU) countries and there is an overall perception that travel to Namibia is safe.

“Namibia is one of the few African countries that is regarded as relatively safe and hence travellers are allowed to enter the EU,” he said.

The uncertainty surrounding Covid-19 will cause economic havoc for some time to come, though.

“The new restrictions could prevent some tourists from visiting Namibia, but not all. The uncertainties remain and will impact on the willingness of people to travel abroad in general and hence affect our tourism industry for quite some time,” Schade said.

He is optimistic that some EU countries would relax some of their restrictions before the end of the year.

“Hopefully, restrictions are lifted for the short Christmas season in the northern hemisphere so that we can welcome some visitors besides those from neighbouring countries.”

Still hopeful

Gondwana Group CEO Gys Joubert, whose company owns a number of travel establishments across Namibia, said while the impact will be felt in the short term, he is optimistic the tide will turn in the long term.

“It is terrible for us in the short term but hopefully good for us in the longer term. People want to travel, even if they cannot for the next month, but we are open. We keep on hoping,” he said.

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Namibian Sun 2024-04-23

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 298.62/OZ DOWN -0.0151 | Copper US$ 4.39/lb DOWN -0.0164 | Zinc US$ 2 772.00/T DOWN -2.19% | Brent Crude Oil US$ 87.08/BBP DOWN -0.0011 | Platinum US$ 910.26/OZ DOWN -0.0116 Sport results: Premier League: Fulham 1 vs 3 Liverpool | Aston Villa 3 vs 1 Bournemouth | Crystal Palace 5 vs 2 West Ham | Everton 2 vs 0 Nottingham Forest | Wolves 0 vs 2 Arsenal | Luton Town 1 vs 5 Brentford | Sheffield United 1 vs 4 Burnley LaLiga: Sevilla 2 vs 1 Mallorca | Real Madrid 3 vs 2 Barcelona | Deportivo Alaves 2 vs 0 Atletico Madrid | Almería 1 vs 2 Villarreal | Getafe 1 vs 1 Real Sociedad | Girona 4 vs 1 Cadiz | Valencia 1 vs 2 Real Betis | Rayo Vallecano 2 vs 1 Osasuna | Celta Vigo 4 vs 1 Las Palmas SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna | Monza 1 vs 2 Atalanta | Salernitana 0 vs 2 Fiorentina | Torino 0 vs 0 Frosinone | Sassuolo 0 vs 3 Lecce | Hellas Verona 1 vs 0 Udinese | Empoli 1 vs 0 Napoli European Championships Qualifying: Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday | Queens Park Rangers 1 vs 0 Preston North End | Norwich City 1 vs 1 Bristol City | Huddersfield Town 0 vs 4 Swansea City | Stoke City 3 vs 0 Plymouth Argyle | Cardiff City 2 vs 1 Southampton | Rotherham United 0 vs 0 Birmingham City | Sunderland 0 vs 1 Millwall FC | Watford 0 vs 0 Hull City | Leicester City 2 vs 1 West Bromwich Albion FA Cup: Coventry City 3 vs 3 Manchester United | Manchester City 1 vs 0 Chelsea English Championship: Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday | Queens Park Rangers 1 vs 0 Preston North End | Norwich City 1 vs 1 Bristol City | Huddersfield Town 0 vs 4 Swansea City | Stoke City 3 vs 0 Plymouth Argyle | Cardiff City 2 vs 1 Southampton | Rotherham United 0 vs 0 Birmingham City | Sunderland 0 vs 1 Millwall FC | Watford 0 vs 0 Hull City | Leicester City 2 vs 1 West Bromwich Albion Weather: Katima Mulilo: 15° | 36° Rundu: 15° | 35° Eenhana: 17° | 36° Oshakati: 18° | 35° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 17° | 32° Omaruru: 16° | 34° Windhoek: 15° | 29° Gobabis: 18° | 31° Henties Bay: 15° | 20° Wind speed: 23km/h, Wind direction: S, Low tide: 09:08, High tide: 03:09, Low Tide: 21:13, High tide: 15:31 Swakopmund: 15° | 17° Wind speed: 31km/h, Wind direction: SW, Low tide: 09:06, High tide: 03:07, Low Tide: 21:11, High tide: 15:29 Walvis Bay: 16° | 25° Wind speed: 34km/h, Wind direction: SW, Low tide: 09:06, High tide: 03:06, Low Tide: 21:11, High tide: 15:28 Rehoboth: 17° | 31° Mariental: 20° | 33° Keetmanshoop: 20° | 33° Aranos: 20° | 33° Lüderitz: 14° | 27° Ariamsvlei: 20° | 32° Oranjemund: 13° | 20° Luanda: 26° | 28° Gaborone: 20° | 32° Lubumbashi: 15° | 27° Mbabane: 16° | 25° Maseru: 12° | 26° Antananarivo: 16° | 27° Lilongwe: 16° | 29° Maputo: 20° | 29° Windhoek: 15° | 29° Cape Town: 16° | 22° Durban: 19° | 25° Johannesburg: 19° | 29° Dar es Salaam: 23° | 28° Lusaka: 17° | 30° Harare: 15° | 30° Economic Indicators: Currency: GBP to NAD 23.73 | EUR to NAD 20.49 | CNY to NAD 2.65 | USD to NAD 19.24 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.73 | ZWL to NAD 0.04 | BRL to NAD 3.7 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.11 | USD to AOA 832.83 | USD to BWP 13.88 | USD to EGP 48.01 | USD to KES 133.48 | USD to NGN 1230 | USD to ZAR 19.23 | USD to ZMW 25.8 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73551.13 Up +0.26% | Namibian Stock Exchange (NSX) Overall Index 1526.82 Down -0.34% | Casablanca Stock Exchange (CSE) MASI 13302.28 Down -1.12% | Egyptian Exchange (EGX) 30 Index 28144.22 Down -1.67% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 298.62/OZ DOWN -0.0151 | Copper US$ 4.39/lb DOWN -0.0164 | Zinc US$ 2 772.00/T DOWN -2.19% | Brent Crude Oil US$ 87.08/BBP DOWN -0.0011 | Platinum US$ 910.26/OZ DOWN -0.0116