The mooted United Airlines flight from New York’s Newark airport would increase tourism as well as foreign direct investment
Americans are already ranked as a sizeable and growing market of travelers to SA‚ so the announcement of a non-stop flight between Cape Town and the US is set to boost this tourism.
Cape promotion agency Wesgro’s CEO Tim Harris said: “North America is one of the largest unserved markets for Cape Town and the Western Cape‚ with the US ranked as the third-largest market for inbound passengers to Cape Town International Airport in 2017.” The flight will also see an increase in direct and indirect imports into the province‚ with cargo capacity contributing approximately R94m in potential trade. It is also estimated to contribute R286m to the gross geographic product and R144m in direct gross-value add to the Cape economy.Between January 2003 and February 2017‚ a total of 76 foreign direct investment projects were recorded from the US to the Western Cape‚ amounting to a total capital investment of $1.9bn.
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