https://www.the-star.co.ke/business/kenya/2020-01-13-tourism-sector-resilient-needs-more-investments--balala/The tourism sector defied 2019 hiccups to record a new high of 2.04 million international arrivals, helped by growth in the aviation industry, political stability and aggressive marketing campaigns.
These, coupled with the country’s ease of doing business and improved security, helped the sector navigate through effects of global economic down-times, US-China trade wars and effects of Brexit, Tourism Cabinet Secretary Najib Balala has noted.
This comes even as the ministry calls for investments in a new airport and a state-of-the art convention centre, and increased budgetary allocation to help market the country for further growth.
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“The American market has grown despite the distance. This has been helped by Kenya Airways direct flights between Nairobi andNew York,” Balala noted.
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National Treasury acting CS Ukur Yattani has hinted tourism could get a higher budget, owing to its returns to the exchequer.
“Tourism is a leading foreign exchange earner contributing about 10 per cent to the GDP. We want to look at how we can facilitate this sector, which is among the least funded, but has the potential to contribute to the revenue is enormous,” Yattani said.
The one setting the price of kq shares for buyout should consider not only profit and loss but also contribution of kq to the economy and gdp .. my thoughtThere are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope