Hotel Bookings in Kenya hit by Concerns over Omicron Variant
Hotel forward bookings in Kenya have remained low, relative to the total bed capacity for the period between January to April 2022. According to the Monetary Policy Committee Hotels Survey [...]
Tourist Arrivals in Kenya Grows by 53.29% in 2021
Tourist arrivals in Kenya registered a 53.29 % growth in 2021, at 870,465 compared to 567,848 in 2020 according to data released by the Tourism ResearchInstitute. This performance was undermined [...]Serena Hotels Posts KSh557.3 Million Loss in H1 2021
TPS Eastern Africa, which operates Serena Hotels, has reported a KSh557.3 million loss after tax for H1 2021, reducing the KSh640.9 million loss reported for the same period last year. [...]
Tourist Arrivals in Kenya hit 305,635 between January-June 2021
Tourist arrivals in Kenya reached 305,635 between January and June 2021, more than the total yearly arrivals recorded last year, a sign that the industry is on a solid rebound. [...]CMA and KEPSA Sign Deal to enable SMEs Access Capital
The Capital Markets Authority (CMA) inked a partnership with the Kenya Private Sector Alliance (KEPSA) to allow small and medium-sized enterprises to access capital market products. This will hence [...]TPS Eastern Africa to Offer 200 Million New Ordinary Shares in Rights Issue
TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its shareholders passed a special resolution during the company's [...]
New KSh1 Billion Mombasa Cruise Ship Terminal Complete
The new KSh1 billion cruise ship terminal in Mombasa county has been completed, shining prospects on the tourism sector having a major boost. According to Vincent Sidai, Kenya Ports Authority [...]Serena Hotels Posts its Biggest Loss Ever After Tough Year
TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of KSh1.2 billion for the year 2020, its biggest loss ever, after a tough [...]Travel and Hospitality Businesses Should Get Busy Now Preparing for the Future
Not a day goes by without hearing information about the coronavirus and its continued negative impact on the travel and hospitality industry. But the truth is, the pandemic, as bad [...]US Issues Level 4 Travel Advisory Against Kenya
The United States has issued a level four travel advisory against Kenya, urging its citizens not to travel to Kenya. The advisory cautions against travelling to the country due to [...]World Bank in US$45 Million Bond to save South Africa's Black Rhino
The World Bank this year plans to float a US$ 45 Million Bond that seeks to generate cash to increase the population of South Africa's black rhino, considered an endangered [...]Maasai Mara National Reserve voted World’s 3rd Best National Park, 2021
Maasai Mara National Reserve has been voted the third best national park in the World by TripAdvisor Inc., an American online travel company. Maasai Mara National Reserve is behind Corbett [...]
