Have you explored shared economy for firm growth?

Young Japanese tourists board tour vans at the port of Mombasa. FILE PHOTO | NMG

A report released last month on how Kenyan millennials travel has revealed that 51.1 per cent prefer to travel in groups, seeking shared experiences even with strangers, in a trend now influencing the marketing strategies of travel companies.

The findings, from destination marketing company, Saffir Africa, come as research points to shared activities as a growth opportunity. According to consultancy firm Juniper Research, the ‘shared economy’ was worth Sh1.8 trn ($18.6bn) last year and is estimated to reach Sh4.07 trillion ($40.2bn) by 2022.

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Note: The results are not exact but very close to the actual.