- Exposure of tourism industry to the risk of coronavirus outbreak is set to slow Kenya’s efforts to diversify its economy away from a dependence on raw agricultural exports as a key foreign exchange earner, experts have warned. While tourism has remained robust over the past, with earnings growing by 3.9 percent ts is set to dampen its growth.
- The International Air Transport Association’s recent study on the importance of air transport and tourism to Ethiopia revealed that the sustained prioritisation of air transport, connectivity, and tourism as a strategic asset, would support an additional 900,000 jobs and at least USD 9.3 billion of GDP by 2037.
- Zambia on Monday launched a plan aimed at unlocking the tourism sector in the southern African nation. The launch of the Zambia Tourism Master plan was aimed at facilitating systematic exploitation of the country’s vast tourism for the sector to contribute to the growth of the economy. The plan runs from 2018 to 2038
- The Malawi Tourism Council (MTC) says high taxes and the poor state of infrastructure are affecting investment initiatives in the tourism industry, making service delivery more expensive compared to neighbouring countries. MTC board member Shiraz Waka, who is also Silver Sands Hotels general manager, said this on Thursday in Lilongwe on the sidelines of a meeting to form Hotels and Lodges Association with support from the council.
- Executives at public hotel companies and REITs gave color on full-year 2020 guidance during Q4 2019 earnings calls, with some excluding the impact of coronavirus (COVID-19). Recently, some companies have updated or withdrawn previously issued guidance
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