Western Cape tourism and enterprise physique Wesgro mentioned greater than R1bn would nonetheless stream into the financial system via occasions scheduled to happen in 2022.
Based on Westgro, if deliberate occasions takes place later this yr, the financial system might acquire an estimated R183m.
11.9% of worldwide conferences scheduled to be held within the Western Cape have been cancelled on account of the Covid-19 pandemic whereas 66% had been postponed.
The CEO, Tim Harris mentioned that most worldwide organisations planning conferences within the province had taken heed of pleas to postpone quite than cancel.
A survey by the Western Cape Conference Bureau, a part of Wesgro, and the Metropolis of Cape City discovered that choices had not but been made on 15% of the 126 worldwide conferences scheduled for 2020/2021.
“The 126 conferences surveyed had been estimated to contribute near R1.9bn to the native financial system over the course of 449 days – the sum of days the occasions spanned, with simply over 71,000 estimated delegates anticipated to attend,” mentioned Wesgro.
Harris added: “Regardless of the affect Covid-19 has had on our native tourism financial system, it’s promising to see that the worldwide affiliation conferences sector responded positively to our plea to postpone as a substitute of cancel, to assist preserve tourism alive.”
Based on him, 92% of the postponed conferences had been scheduled to happen inside 2021, whereas the remainder shall be moved to 2022.
Most respondents within the survey expects native and nationwide exhibitions to renew this yr, and worldwide exhibitions subsequent yr.