Sharp Daily
No Result
View All Result
Thursday, July 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

The Hospitality Industry Shivered by Weekly protests

Dennis Otsieno by Dennis Otsieno
March 24, 2023
in News
Reading Time: 2 mins read
Kenya-Tourism

Kenya -Tourism .Photo/[Courtesy]

Weekly demonstrations by the Azimio La Umoja One Kenya Alliance are likely to hurt the tourism sector. This comes after concerns that some international tourists who were already in the country for holiday had started seeking exits after the Monday demonstrations despite the coast region, the country’s leading holiday destination, remaining relatively calm.

On Monday, Nairobi hotels recorded cancellation of conferences and meetings even as Deputy President Rigathi Gachagua indicated at least Kshs 2.0 billion had been lost in the economy.

Read: Analysis Of The Kenya Tourism Performance Report-2022

The tourism ministry had last month projected a stronger performance this year, after a rebound on international arrivals, which grew by 70.5 percent to 1.5 million visitors, up from 870, 465 the previous year.

RELATEDPOSTS

Rallying Naivasha: How Safari Rally 2025 drives tourism and growth

March 20, 2025

Kenya eyes 3 Million visitors by 2025 with innovative tourism strategies

December 20, 2024

The Tourism Research Institute (TRI) report attributes the growth to the reopening of the economy and accommodation facilities, which were temporarily closed as a result of the Covid-19 pandemic.

This year, TRI has projected international arrivals will hit a record 2.3 million with an estimated revenue of Kshs 425.4 billion, up from Kshs 268.1 billion.

Read: Businesses Count Losses as Azimio Protests rock Nairobi and Kisumu

Meanwhile, hoteliers are banking on the domestic market to continue supporting the industry, with optimism of good business over the Easter holidays.

The tough economic times amid high inflation, both locally and other global markets, however remains a concern for industry players, who are worried households could be forced to cut on travelling and holiday spending.

Kenyan households have been battling a high inflation, which increased to 9.2 percent last month, up from 9.0 percent in January mainly on increased food and commodity prices.

Political instability could however dampen the sector going forward. Opposition chief Raila Odinga has announced that the Azimio La Umoja One Kenya Alliance will carry out mass protests twice a week, a move that has sent shivers across the hospitality industry.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Parliamentary Committee on Public Petitions Tours Cytonn’s Real Estate Projects

Next Post

KMRC Partners with Cooperative Bank to offer low rate Mortgages

Dennis Otsieno

Dennis Otsieno

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
commercial illustrator

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024