BMI View: 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
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.
- 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).
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-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
- Inbound Tourism: Total arrivals (‘000 and growth % y-o-y), arrivals by region (‘000 and growth % y-o-y), arrivals by country (‘000 and growth % y-o-y), top 10 source countries for arrivals.
- Outbound Tourism: Total departures (‘000 and growth % y-o-y), departures by regional destination (‘000 and growth % y-o-y), departures by country (‘000 and growth % y-o-y), top 10 destination countries.
- Travel & Receipts: Methods of travel for arrivals (air, ship, rail) (‘000 and growth % y-o-y), international tourism receipts for transport (USDbn and growth % y-o-y), international tourism receipts for travel items (USDbn and growth % y-o-y).
- Hotels: Hotel industry value (USDbn and growth % y-o-y), number of hotels (‘000 and growth % y-o-y), total overnight stays (‘000 and growth % y-o-y), length of stay, occupancy rate (%), number of total
BMI’s Tourism Risk Reward Index
BMI’s Risk Reward Indices provide investors (tour operators, tourism infrastructure investors, financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards.
Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.
This contains a comprehensive overview of the tourism industry in the country, its overall value, the value of its hotels industry, trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country, which brands are present in which cities, the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country, in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database, which contain details of projects, their value, the time frame, their current status, the companies involved and their estimated completion dates.
This section provides insight into key domestic players in the hotel industry, discussing, for example, the number of hotels, brands, financial data, geographical spread, recent developments and strategies of individual companies.
The Tourism Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.
*Company profiles are not available for every country. Those reprts instead contain information on the current activities of prominent companies operating in the market.