• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Monday, May 19, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Kenya’s Revenue from Tourism Drops by Over Kes 110 Billion

Trading Room Reporter by Trading Room Reporter
in Business News
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter

Kenya has lost an estimated kes. 110 billion in direct earnings from international visitors in 10 months of the year in what tourism and wildlife ministry attributes to COVID-19 pandemic.

RELATED POSTS

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

Oil Prices Soar as Iran fires missiles at Israel

The latest data indicate that between January and October 2020, the country earned just kes. 37 billion against kes. 147.5 billion the sector was projected to rake in during the period under review before the coronavirus outbreak.

International visitors through all points of entry during the period dipped by a massive 72% as Kenya received 470,971 tourists compared to 1,718,550 registered last year.

International tourism suffered a sharp decline between April and July when the country and its key source markets deployed strict COVID-19 containment measures which halted international travel while airlines remained grounded.

Out of the total arrivals, visits to family and friends accounted for 35.32%, business 35.11%, in transit 6.32%, medical 1.53%, and education 1.18%.

The holiday segment, in particular, suffered a huge decline from a contribution of 63.15% of the total arrivals numbers registered last year to 19.92% in 2020.

“The decline in holiday travel numbers is an indication that only essential travel is happening and the holiday market will take longer to recover,” said the ministry in a statement.

Buy JNews
ADVERTISEMENT

During the 10 month period, Uganda was the leading source market with 60,399 arrivals, USA 53,444, Tanzania 43,649, the UK 42,341, and India 25,251.

Post Views: 938
Tags: Government of KenyaKenya Economyspotlight
Previous Post

Nasdaq Touches Record High, S&P Falls on Pfizer Vaccine Statement

Next Post

Asia – Pacific Stocks Mixed as SMIC Shares Drop on U.S Blacklisting

Trading Room Reporter

Trading Room Reporter

Related Posts

Global Markets Asian markets
Business News

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

by Rennie Odek
Muya Guo Head of Chinese Segment at Stanbic Bank Kenya
Business News

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

by Felix Ochieng
Brent Crude Oil Prices WTI
Business News

Oil Prices Soar as Iran fires missiles at Israel

by Githere Eddie
Kakuzi logo
Business News

Kakuzi Plc Joins the List of NSE Firms Issuing Profit Warning for 2023

by Felix Ochieng
Next Post
Asian Markets Shenzhen

Asia - Pacific Stocks Mixed as SMIC Shares Drop on U.S Blacklisting

kenya Public Debt

Treasury Announces Resumption of Pre-Covid Tax Rates From January 1, 2021

NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 04 December,2020

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,098)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,189)
  • Hilda Njeru Takes over at CDSC (2,056)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,899)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,798)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Equity Group Africa Guarantee Fund

Equity Group Receives 500Mn from AGF in MSMEs Financing Deal

Image of workers of NSE discussing Market report

NSE Market Report 11 April 2025: Britam moves 15.1 Million Shares

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$349.98  2.09%  
GME 
$28.45  0.63%  
MSFT 
$454.27  0.25%  
AAPL 
$211.26  0.09%  
AMC 
$2.95  4.98%  
ABNB 
$138.00  0.88%  
GOOGL 
$166.19  1.36%  
AMZN 
$205.59  0.20%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?