Overall, the Tourism Industry experienced significantly lower than normal business performance recording an index of 71,4, which is lower than the anticipated 80,4 forecast for Q3 and Q4 2017 and notably down from the 82,7 experienced in the first half of 2017. The forecast is also lower than the prior half year’s forecast which was 80,4.
Anticipated business performance for the next half year is slightly more than current performance at 72,4. This is worse than the then anticipated 80,4 for Q3 and Q4 2017 and shows an expectation which is continuing to become ever more pessimistic. This anticipated performance is the lowest ever since the inception of the index. Previous lows were in late 2011 and briefly in 2016 and did not drop below 80. Similarly, the actual performance at 71,4 is at a low level and only experienced in 2011.
Will this prove to be the case? Look out for more updates on the Tourism Business Index.
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