Saturday, October 1, 2022
No menu items!
Homeethiopian newsTravelSeychelles Becomes First African Country to Fully Launch Tourism Satellite Account System

Seychelles Becomes First African Country to Fully Launch Tourism Satellite Account System

Setting out to strengthen its tourism data system, Seychelles on Monday became the first African country to fully launch its Tourism Satellite Account (TSA).

Tourism satellite accounts are the definitive way to measure the economic impact of tourism in a destination. Over the last 20 years, they have been implemented in many destinations around the world to find out exactly what tourism contributes to the gross domestic product (GDP).

During his presentation at the launching ceremony, a tourism statistics expert from UNWTO, Kevin Willington, outlined that Seychelles’ TSA shows that tourism directly contributes 16.5 percent to its GDP.

“The 16.5 percent contribution to GDP is a very significant amount and it is very important for Seychelles. In most countries, this figure is considerably lower than 16.5 percent. For example, in the UK where tourism is important, it contributes only 3.8 percent. We have to remember that the economy is very large and there are a lot of other things going on,” said Willington.

He explained that the TSA measures direct contribution, which is what tourists spend directly with businesses in Seychelles. Indirect contributions are not taken into account.

The main concept behind the TSA is to reconcile tourism demand with supply.

The World Tourism Organisation (UNWTO) project for Seychelles started in 2019 and is expected to be completed by the end of this month.

An extension of the national accounts, the Tourism Satellite Account is compiled by the National Bureau of Statistics (NBS).