Tag Archives: tourism
Political instability might have impacted the hospitality and tourism sector in Ethiopia but the diplomatic country of Africa stands resilient to the challenges set before her. Ghana’s Accra, being listed as one of the most expensive cities in Africa, is attracting more visitors than anticipated. Real estate development is booming while the city flourish as a vacation and business hub for many travelers. The 7th edition of the PwC Hotels Outlook: 2017 – 2021 report establish Ethiopia and Ghana as countries with a brighter outlook in the hotel industry – both countries are increasingly growing in the number of international hotel brands.
With diminutive effect from the elections anxiety, Kenya’s tourism sector has withstood the pressures of uncertainties that resulted to some tourists having to hold their travel plans. As one of the most volatile sectors, tourism stakeholders remain obliged to Kenyans for choosing peace during a considerably fraught time. This, according to Cyrus Onyiego, Jumia Travel’s Kenya Country Manager, is a factor that has saved the industry a major blow as compared to previous election periods.
To invest means to allocate money or a resource for a particular activity with the expectation of some benefit in the future. In other words, using money or resource to make more money or gain more resources. An opportunity on the other hand refers to the right time to take an action or pursue a course in view of getting the most maximum outcome. An investment opportunity is therefore the right time to allocate money or a resource so as to benefit from it in the future. Before one invests in a product or service, one must first know what and where to invest in. In other words, to be able to get returns in the future, one must invest in sectors that are thriving. In Ghana, these are “hot cake” areas that will be yielding the best returns for current investors:
The hospitality and tourism is an important sector for many developing countries, since it is one of the main foreign exchange earners and key exports component. In 2016, foreign visitors to Africa reached 58 million with a spending of USD 40.7 billion approximately 36.3%, and projected to reach 42.9bn by end of 2017. These statistics by Jumia Travel’s Hospitality Report Africa, reflect the sector’s extensive significance both in terms of social and economic growth.
African governments should make it easier and safer for Africans to travel within the continent, the United Nations said in a new report released today, noting that tourism demand there is increasingly driven by Africans themselves.
Jumia Travel & Accor Hotels give insights into Africa’s Hospitality Industry, 2017
With over one million tourists per annum, Namibia is known globally as a top ecotourism destination and it’s a sector that’s growing as evidenced by the 5% year on year growth in international traffic into Namibia.
Although the vision to unify Africa has been heard for long; the continent remained highly disconnected hampering travel and other economic unities that might support the continent development initiatives. Still, the continent citizens do not find it easy to travel within the continent due to price and time taking travel requirements.
The tourism industry in Ethiopia although it has transformed tremendously with massive infrastructure development and new investments for the past few weeks, it still at its infant stage with so much to improve and develop to host its long awaited 2.5 million foreign visitors.
Fumba Town’s first-of-its-kind sustainable real estate development, offers modern and affordable living as well as commercial space with unique investment opportunity available in the growing real estate market. Developed by CPS live Ltd., a Zanzibar-based German company, Fumba Town Development houses are state-of-the-art composition of multi-layered, fast growing plantation wood, fibre reinforced composite and fibre insulation. All materials are chosen according to German quality standards, complying with the requirements of the local ecosystem and treated for complete safety against parasites; thus coexisting harmoniously with environment and respecting the beauty and abundance of nature.
Kenya has recorded steady growth in the Meetings, Conference, and Incentives industry, per a recent report by the Kenya Tourism Board (KTB). In 2016 alone, the MICE industry accounted for 13% of total international tourism arrivals; mostly consisting of business travellers. In 2015, the sector welcomed 117,630 tourists, recording a remarkable 14% increase on 2014 and marking a total contribution of 15.6%, of the total international arrivals for the year.
According to the recently published Global Economic Prospects, a World Bank Group flagship report, the year 2016 was marked by stagnant global trade, subdued investment, and heightened policy uncertainty. For 2017, a subdued recovery is expected, with receding obstacles to activity in commodity exporters and solid domestic demand in commodity importers. Additionally, weak investment is weighing on medium-term prospects across many emerging markets and developing economies (EMDEs). Although fiscal stimulus in major economies, if implemented, may boost global growth above expectations, risks to growth forecasts remain tilted to the downside.
Over the years, tourism proved itself as one of the best green sectors supporting developing countries such as Ethiopia in their initiative to tackle poverty, unemployment and development setbacks. Countries sustainable program towards tourism sector created new jobs, reduce poverty and increase overall revenue from the sector.
The programme for the 2013 Pick n Pay Knysna Oyster Festival is growing, with new and exciting events joining the stable of old favourites. “Last year’s programme sported more than 100 events,” said Festival Manager Nicci Rousseau-Schmidt. “And it is already clear that we’ll top that number this year.”