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Why insurance is key to success of tourism and hospitality industries
Hospitality and tour operators' liability insurance not only safeguards the business but also instils confidence in tourists, assuring them of their well-being.
Tourism performance in Kenya has grown significantly in the last 10 years. In 2015, international visitor arrivals were 1,459,500 and international tourism receipts, were Sh84.6 billion. By 2019 the arrivals rose to 2,048,834 and receipts, Sh163. 6 Billion.
Tourism is a key driver of Kenya’s economy, with foreign income ranking close to tea, horticulture, coffee, and diaspora remittances. Prior to Covid -19, the sector contributed nearly 10 percent of the country’s GDP. In 2020, the industry’s performance was expected to continue growing with 7.5 percent increase in international visits. Like everybody else we faced a slump during the pandemic but bounced back post-Covid.
