Average price per person (R) 30 01 Occupancy rate (%) EXERCISE 9 South Africa has commonly been viewed as a cheap international tourist destination, largely due to our weaker rand. During the 2010 soccer World Cup, there was a large increase in the number of tourists, followed by a sharp decrease in 2011. Economists suggest 500 100 450 90 400 80 350 70 300 60 that this decrease in tourist activity was 250 50 possibly due to South Africans charging excessively high prices, and therefore, the international community no longer sees 200 Occupancy rate 40 150 Average price per person this country as a 'cheap' destination. Use the graphs to comment on this 100 20 10 50 situation. '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 Year
Average price per person (R) 30 01 Occupancy rate (%) EXERCISE 9 South Africa has commonly been viewed as a cheap international tourist destination, largely due to our weaker rand. During the 2010 soccer World Cup, there was a large increase in the number of tourists, followed by a sharp decrease in 2011. Economists suggest 500 100 450 90 400 80 350 70 300 60 that this decrease in tourist activity was 250 50 possibly due to South Africans charging excessively high prices, and therefore, the international community no longer sees 200 Occupancy rate 40 150 Average price per person this country as a 'cheap' destination. Use the graphs to comment on this 100 20 10 50 situation. '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 Year
Chapter1: Making Economics Decisions
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