Home Business Hospitality industry sheds Sh166.3b foreign currency

Hospitality industry sheds Sh166.3b foreign currency

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The Standard | by Dominic Omondi


Pandemic-hit aviation and tourism industries shed Sh166.3 billion last year as countries restricted movement into and out of their territories.

This was a decline of 86.5 per cent in net service earnings, which led to tens of thousands of workers in these sectors losing their jobs.

“Net services declined by 86.5 per cent in the year to December 2020 mainly due to a significant decline in transport services and travel receipts as a result of the uncertainty associated with the Covid-19 pandemic and the  resultant containment measures…

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