On a serious note, we need a brand that offers quality at reasonable prices. No need for a hotel in Nairobi or upcountry where the weather is usually cool to have a pool, big gym or fancy spa. A nice quiet spot to rest one's head.

So many countries have such facilities. Something the average Kenyan family can enjoy without breaking the bank. Though I have noticed hotels in "Sub-Saharan Africa" outside of SA can be pricey for anything more than basic accommodation.

$300/day in some major Asia cities, outside of Japan, Singapore and Hong Kong, can get you great, great deals.

@Obiero has a point about costly rooms but it is not confined to Serena.

Perhaps, the likes of Serena should consider operating hotels that offer basic no-frills accommodation but use the experience, buying power, training and muscle of Serena. Lower margins but volumes.

Hyatt, Marriot, etc have this model.

@maka - Wacha TPS walipe 1/- dividend kwanza

@vvs, whatever you've said here is exactly why TPS should not be in your portfolio and more reason why its MOAT is not durable. The inconsistent earnings power also doesn't bode well for investors givens the cashflow consumption tendencies. It better not become your KQ

Perhaps TPS should sell itself to Hilton/Marriot Hopefully at a premium!
https://finance.yahoo.co...r_yfsocialtw_l1gbd0noiom

You do have a good point but they need not sell cheap. On the other hand, it may be part of their ethos to have businesses that grow the economies they operate in.
Serena for decades has been the #1 luxury hotel brand in EAC.
DTB has been around for ages and growing.
Jubilee is definitely a top 3, if not #1, insurer in EAC.
NMG despite the recent travails, not uncommon for many media houses, has been instrumental in expanding the discourse in EAC.

BUT stop raining on my parade!

AGM at KICC on Tuesday 25 June 2019 from 11am.

Dividend ofu 0.35 to be paid around 27 July 2019.

Look at the Financials:

1. Kenya still has the biggest investment contributes, most revenue.
2. EBITDA for Kenya 2017 was negative but turned positive after phase one of Serena Nairobi went live.
3. Delay in completion of phase 2 Nairobi Serena led to default of debt payments to Barclays and Proparco.
4. Took overdrafts of 300m following delay in finishing Nairobi refurbishments.
5. Uganda and Kigali refurbishments were done earlier and smoothened the Kenya revenue hit.
5. Serena Nairobi full capacity coming on board by July 2019 in time for the peak season.
6. Conclusion - TPS managed their refurbishments well. Nairobi Serena coming on board at full capacity will improve overall profitability of the group. Profitability will improve parabolicaly by the time we hold our next general elections.

Sparkly, 2019

Does Serena have a loyalty program?

What kind of partnerships do they have with this program? Have they partnered with any airlines and banks? Are their loyalty points transferable?

I think Serena is missing out a lot on this front.

Are you a shareholder? If yes, please bring it up at the AGM.