Luxury tourism has long been sold as Africa’s ticket to economic growth: high-paying visitors, low environmental footprint, and prestige destinations that draw global attention. Yet studies suggest otherwise.
Some investors are hesitant to fund startups in places experiencing currency volatility, but Triply overcame that challenge while consolidating payment tools for smaller travel businesses.
India was the fifth biggest source market for Kenya in 2022. It, therefore, plays an important role in the African nation's strategy to recover its tourism sector from the pandemic.
Airbnb hosts in South Africa have surpassed their pre-pandemic revenue levels, and the online travel agency sees several reasons why growth should rise significantly in the next couple of years.
For Kenya Airways, returning to 2019 isn’t good enough. In the last full year before the Covid shock, Kenya’s largest airline posted a modest operating loss and a heavy net loss, perpetuating an all-too-familiar pattern.