#MakeItKenya: What global hoteliers' mega investments tell us about visitor arrivals

Kenya remains a leading foreign direct investment (FDI) destination among its peers. This is attested to by the global hotel chains that are set to open their doors in the country by the end of this year.

These renowned brands — which include Accor-Pullman, Sheraton, Wyndham, Carlson Rezidor and Movenpick — are some of the biggest and most profitable in the industry. Analysts point out that the additional 2,000 high-quality rooms would double our capacity in this high-growth sector within a short 24 months, signalling that although there has been a slump in tourism, the long-term outlook remains vibrant and very positive. No global investor would put their money where assets, investments and returns are in jeopardy. This is a resounding vote of confidence in the reforms being undertaken by the Government and stakeholders in the hospitality sector. It is also an affirmation of the broader business reform measures on the ease of doing business and improvement of the business climate for local and foreign investors.

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These renowned brands — which include Accor-Pullman, Sheraton, Wyndham, Carlson Rezidor and Movenpick — are some of the biggest and most profitable in the industry. Analysts point out that the additional 2,000 high-quality rooms would double our capacity in this high-growth sector within a short 24 months, signaling that although there has been a slump in tourism, the long-term outlook remains vibrant and very positive. No global investor would put their money where assets, investments and returns are in jeopardy. This is a resounding vote of confidence in the reforms being undertaken by the Government and stakeholders in the hospitality sector. It is also an affirmation of the broader business reform measures on the ease of doing business and improvement of the business climate for local and foreign investors.
Read more at: http://www.standardmedia.co.ke/business/article/2000201200/makeitkenya-what-global-hoteliers-mega-investments-tell-us-about-visitor-arrivals
These renowned brands — which include Accor-Pullman, Sheraton, Wyndham, Carlson Rezidor and Movenpick — are some of the biggest and most profitable in the industry. Analysts point out that the additional 2,000 high-quality rooms would double our capacity in this high-growth sector within a short 24 months, signaling that although there has been a slump in tourism, the long-term outlook remains vibrant and very positive. No global investor would put their money where assets, investments and returns are in jeopardy. This is a resounding vote of confidence in the reforms being undertaken by the Government and stakeholders in the hospitality sector. It is also an affirmation of the broader business reform measures on the ease of doing business and improvement of the business climate for local and foreign investors.
Read more at: http://www.standardmedia.co.ke/business/article/2000201200/makeitkenya-what-global-hoteliers-mega-investments-tell-us-about-visitor-arrivals
These renowned brands — which include Accor-Pullman, Sheraton, Wyndham, Carlson Rezidor and Movenpick — are some of the biggest and most profitable in the industry. Analysts point out that the additional 2,000 high-quality rooms would double our capacity in this high-growth sector within a short 24 months, signaling that although there has been a slump in tourism, the long-term outlook remains vibrant and very positive. No global investor would put their money where assets, investments and returns are in jeopardy. This is a resounding vote of confidence in the reforms being undertaken by the Government and stakeholders in the hospitality sector. It is also an affirmation of the broader business reform measures on the ease of doing business and improvement of the business climate for local and foreign investors.
Read more at: http://www.standardmedia.co.ke/business/article/2000201200/makeitkenya-what-global-hoteliers-mega-investments-tell-us-about-visitor-arrivals