South Africa Casino Tourism Market Insights Forecasts to 2033

• The South Africa Casino Tourism Market Size was valued at USD 3,123 Million in 2023
• The Market is Growing at a CAGR of 5.85% from 2023 to 2033
• The South Africa Casino Tourism Market Size is Expected to Reach USD 5,513 Million by 2033

The South Africa Casino Tourism Market Size is Anticipated to Reach USD 5,513 Million by 2033, Growing at a CAGR of 5.85% from 2023 to 2033.

Market Overview

Casino tourism represents the most frequent form of tourism where people go to casinos primarily to meet such objectives as gaming. Casino tourism is comprised of casino gaming and tourism. Under this definition, it refers to visitors traveling to a particular region for principally casino-related activities, including gaming, entertainment, food, and accommodation. Casino tourism in South Africa refers to tourists who visit the country for the sake of its casinos as well as for other tourist attractions. The growth of the economy, the desire for new entertainment, and a desire to get away from their sedentary lifestyle support the expansion of the casino and tourism industry in South Africa with an impact on the mass of tourists, the gambling business, and other sectors so benefiting.

Report Coverage

This research report categorizes the market for South Africa casino tourism based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa casino tourism market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa casino tourism market.

Driving Factors

Increasing demand from tourists is driving South Africa’s market of casino hotels. Increased interest in gambling has been one of the major factors contributing to the South Africa casino tourism market growth. The growth of online gambling also supports the growth of the gambling tourism industry. The gambling tourism industry is growing to be a very lucrative field with many opportunities for new demand. Modern luxury and greater spending power in emerging economies have resulted in an increased demand for the luxury resort opportunities found in casinos. Growth in the tourism industry holds huge significance, especially in the expanding South Africa casino tourism market.

Restraining Factors

The growth in the South Africa casino tourism market is enormous, but several challenges hinder it. Among these are regulatory complexities, the need for quick attention to responsible gaming issues, security concerns, and competition with other foreign gambling sites. A solution to all these will ensure long-term growth and success.

Market Segmentation

The South Africa casino tourism market share is classified into type and consumer orientation.

• The poker segment is expected to hold the largest market share through the forecast period.

The South Africa casino tourism market is segmented by type into poker, blackjack, roulette, slots, and others. Among these, the poker segment is expected to hold the largest market share through the forecast period. The poker category is expected to consume a major share of the casino and tourism market around the country. In the casino as well as tourism sectors, there are several reasons why poker is considered a hot game. Individuals have a prime interest in poker owing to competition and the style of playing poker lets players experience an engrossing sensation. In addition, many casino goers have preferred the game because it hangs together the aspects of both skill and chance, spreading appeal across different and wide ranges of people.

• The men segment is expected to dominate the South Africa casino tourism Market during the forecast period.       

Based on consumer orientation, the South Africa casino tourism market is divided into men, women, and others. Among these, the men segment is expected to dominate the South Africa casino tourism market during the forecast period. The men's category is expected to develop high in the casino tourism market. The tastes of men in the gambling and tourism industries are growing. Men like and participate in market-related activities like gambling, entertainment choices, and consumer behavior in general. One aspect that will encourage more adults to fully engage in the gambling tourism industry is the historical linkage of gambling with masculinity. Historically, the perception of a male-dominated character of gambling influences male participation in gambling.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Africa Casino Tourism Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Urvi Tours
• Thomas Cook
• Tsogo Sun Gaming
• Abercrombie and Kent Safaris (Pty) Ltd
• Heena Tours & Travels
• Dook International
• Happy Vacations Tours and Travels
• Sun International; Travel Triangle
• Veena World
• Tripadvisor
• Yatra.com
• Kushal Yatra
• Expedia, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa Casino Tourism Market based on the below-mentioned segments:

South Africa Casino Tourism Market, By Type

• Poker
• Blackjack
• Roulette
• Slots
• Others

South Africa Casino Tourism Market, By Consumer Orientation

• Men
• Women
• Others