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E-Newsletter August 2018

OVERALL SITE PROGRESS




ON THE SPOTLIGHT


On the spotlight

The Kenya Hospitality Report 2018: Coast Region Still The Top Tourist Destination

Kenya's Travel and Hospitality Industry has for a long time been one of the leading economy drivers providing foreign exchange and creating employment opportunities for thousands of Kenyans. The sector is still growing and may achieve even greater strides in 2018 and beyond. This month, we look at the Kenya Hospitality Report 2018 that was recently published by Jumia Travel, a travel agency highlighting the vital insights and what the trends mean for players in the holiday homes segment of the industry. The big question is, how will the trends impact players in the holiday homes segment?

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DEVELOPERS NOTE

The critical role of the hospitality industry in Kenya's economy cannot be understated; it directly contributed to Ksh. 294.6 billion (USD 2.9 billion), which is approximately 3.7% of the GDP in 2017. By the end of 2018, the contribution is expected to rise by 5.2% to Ksh. 310.1 billion and to Ksh. 515 billion by 2028. Indeed, there is no doubt about promising future for investors in the hospitality industry more so those with establishments in the coastal region which leads in terms of leisure travels. The insights from the Jumia Hospitality Kenya Report 2018 is another vote of confidence in investments in the coastal holiday home market segment. Sultan Palace Development Ltd is proud to be part of Kenya's hospitality industry and would like you to be part of this high growth sector by buying a unit at the Sultan Palace Beach Retreat. Own a piece of Kenya’s hospitality industry at SPBR, Kikambala-Kilifi.


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