The element of tunnel vision comes while keeping up a fairly ordinary existence. It’s pretty tough to position oneself in someone else’s place, particularly when that someone is extremely well-off. Though most of us turn economic and save to take pleasure in a well-deserved vacation. On the other hand, a luxury travel is a part of their lifestyle. The advantage of this to the locals in South Africa is that niche tourism sector like this add to the sustainability related to the tourism and hospitality sector.
As we know that Cape Town is a second home for the wealthy people with over 1 500 multimillionaires residing in the city at the time of the peak seasons. As the city undergoes internal confrontation in terms of development, there’s no uncertainty to the fact that this invasion of the super-wealthy is simply adding to the economic condition of the region.
Financial services, property, retail and tourism all add to the treasury of the city, providing wide-ranging job opportunities and scope for growth. While examining the cash injection contribution made by the luxury travel, insight came to the forefront that tourism is not a single-faceted gem. Instead it’s a sequence of diamond-encrusted dominoes collapsing with other communities. The revenue earned is utilized for building and development projects and for infrastructural improvements.
