Kenya’s hospitality sector attracts investors
- October 13, 2017
- Posted by: design
- Category: Uncategorized
Kenya’s tourism is attracting investors in hospitality with a total of 13 hotels set to open their doors in the next five years. The steady growth of tourism demands additional beds and conference facility and the additional hotels will add the existing capacity by more than 2,400 rooms, according to a report by PricewaterhouseCoopers (PwC).
International hotel brands including Radisson, Marriot and Best Western brands are leading the pack of hotels that include Sheraton, Ramada, Hilton, Best Western, Radisson, Marriott, and Mövenpick.
The growth has been accelerated by the increasing number of domestic and international tourists.
Besides positive brand image the country has continued to enjoy, the lifting of travel advisories and growth in domestic tourism in a strong economic environment, as well as a series of incentives introduced by the government are what has contributed to the investment opportunities,” reads part of the PwC report.
The incentives include elimination of VAT on park fees, removal of visa fees for children as well as the reduction in park fees by Kenya Wildlife Service.
PwC says guest nights, which declined a cumulative 15 per cent between 2011 and
International hotel management chain Best Western has taken over city hotel Meridian and branded it Best Western Plus.
Lazizi Premier opened its doors in May, becoming the first airport hotel to begin operation.
This is expected to be followed by the completion of Four Points by Sheraton Nairobi Airport and Hilton Garden Inn, which are in the final stages of completion.
This will be the second property by Sheraton which took over management of the Four Point Hurlingham, previously Best Western Premier.