Sharp Daily
No Result
View All Result
Sunday, July 6, 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

Rebound in the Hospitality Sector

Patricia Mutua by Patricia Mutua
July 13, 2023
in News
Reading Time: 2 mins read

The Hospitality Real Estate sector has shown hope for continued recovery after the major contraction it experienced during the COVID-19 pandemic. The sector has experienced fresh interest from investors. In the most recent instance, Pan Pacific Hotels Group, a subsidiary of UOL Group Limited based in Singapore, registered its entry into Africa by establishing a 175-unit facility in Westlands, Nairobi. The Qatari Investment Authority also acquired a Kshs 4.6 bn share stake in the Crowne Plaza Hotel.

Generally, the local restaurants and hotels are on an expansion spree on the back of favourable government policies, a surge in the domestic tourism sector, and new investments in new hotel developments. The Kenyan government has enabled the Visa on Arrival policy for most countries, which has enabled a smoother experience for foreign visitors, promoting return visits as well as better reviews of the country’s visitor’s experience.

Likewise, the increased democratic ties of the Kenyan government with other countries have increased demand in the hospitality sector. In addition, investors have shown hope for increased returns through the development of new hotel developments. This has expanded the pool of choices for clients, increasing the conversion rate to returns. Compared to other vacation destinations comparable to Kenya, like South Africa, the hotel rates are fairly affordable, which has also contributed to the recovery in the hospitality sector.

Realtors and travel agents have also reported increased domestic travel compared to foreign visitors. In contrast to the pre-Covid-19 era, when the hospitality sector majorly depended on foreign tourists, domestic travellers have proven to be more reliable in the sector.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

This has forced investors to take into consideration the interests of this group. This has resulted in new trends in the hospitality sector, like Airbnb, furnished apartments, and vacation rentals, which are better choices for local travellers than traditional hotel accommodations. There has been an increased preference for high hygiene, safety, and personalized experiences like contactless check-ins, especially after the pandemic.

Likewise, buyer preference has shifted to demand for more modern spaces with amenities like gyms, swimming pools, and self-catering services. There is also a rising demand for spaces that incorporate eco-friendly features like solar panels and cultural homestays.

Previous Post

The Kenyan Shilling Continues to Record New Lows

Next Post

Kenya’s InfiniteUp Launches Doer App, a Marketplace for Employers and Task-Based Job Seekers

Patricia Mutua

Patricia Mutua

Related Posts

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
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025

Lessons from the Kuramo-TransCentury fallout

July 3, 2025

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 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