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Kenya Tourism Report Q4 2014 - New Market Research Report

New Consumer Goods research report from Business Monitor International is now available from Fast Market Research

 

Boston, MA -- (SBWIRE) -- 11/19/2014 -- For 2015, we are forecasting a slight turnaround in the beleaguered Kenyan tourism sector's fortunes, with arrival numbers set to rise by 2.5%. However, this remains dependent on a lasting improvement in the domestic security situation. We are also expecting slight rises in international tourism receipts and the number of overnight stays in 2015.

At the present time, Kenya's tourism sector is facing not only terror threats but also a public perception that travellers could be at risk of contracting the Ebola virus if they travel to Africa. In August 2014, the World Health Organisation (WHO) stated that Kenya was a 'high-risk' country for the spread of Ebola, given its role as a regional transport hub, although there had been no reported cases of the disease within the East African state as this report was being compiled in late October 2014. In August, Kenya banned all travellers from Liberia, Guinea and Sierra Leone - the West African states where the disease has been most prevalent - from entering the country

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Further bolstering the sector was news in October 2014 that Trade Mark East Africa (TMEA) and the Kenya Tourism Federation (KTF) had awarded KES9mn to a scheme that seeks to boost regional awareness of the East Africa Tourist Visa (EATV) as well as the use of ID cards (instead of passports) to enable a single trip encompassing the three countries of Kenya, Uganda and Rwanda.

The EATV was launched in February 2014 and allows travellers from any country multiple entries to Kenya, Uganda and Rwanda for a period of 90 days. However, the scheme has suffered from a lack of awareness, with the KTF now looking to work with key industry players to promote the EATV as a way of boosting tourism to all three East African countries and to market regional cross-border travel which can be effected using national ID cards.

Kenya's Tourism Risk Rewards Index score has improved slightly in our new table for Q115, from 34.61, to 38.98. However, this still...

The Kenya Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Kenya Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Kenyan tourism industry.

Key Benefits

- Benchmark BMI's independent tourism industry forecasts for Kenya to test other views - a key input for successful budgetary and planning in the Kenyan tourism market.

- Target business opportunities and risks in the Kenyan tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kenya.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).

Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).

Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).

Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).

Industry Risk Reward Rankings

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