ECONOMY

Big Business City: International visitors spent Sh28 billion in Nairobi

Share
Panoramic photo of Nairobi.
Share

As Nairobi continues to stake claim to being Africa’s top investment destination, a report by Mastercard has revealed that overnight foreign visitors spent a whopping Ksh28 billion in Nairobi last year.

Mastercard’s Global Cities Index released on September 27 reveals that Nairobi is the fifth most preferred city in Sub-Saharan Africa by international visitors.

Lagos(Nigeria), Kampala(Uganda), Accra(Ghana) and Dakar(Senegal) occupy first to fourth spots respectively.

The report further reveals that 400,000 international visitors touched down in Nairobi last year for business or leisure and spent an average of Ksh5,000 per day for 13 nights.

The picture was not without blemish for the city under the sun as the report reveals that despite the general notion that Nairobi is a tourist hotspot, tourists only spent an average of Ksh5,000 per day in 2017.

It remains to be seen whether Nairobi’s ranking will improve in 2018. Even so, a number of high profile dignitaries have made to Nairobi this year either on business deals, special tours or on state visits, including British Prime Minister Theresa May and former US President Barrack Obama. American First Lady Melania Trump as well as British Royal Prince William are also expected to visit the city on their Kenyan tours in October and late September respectively.

Mastercard projects that Lagos will continue being Africa’s top destination in 2018 with 1.5 million foreigners expected to visit the populous city. The report however states that visitors tend to stay to stay in Lagos for seven nights and spend only Ksh5700 per night considerably less than what they spend in Nairobi and other African cities.

READ : WORLD’S RICHEST INVESTORS EYEING PROPERTY IN NAIROBI

According to the report, rich African culture in the five cities was what appealed most to the visitors as the countries in question continue to invest heavily in infrastructure to spur economic growth.

Bangkok(Thailand) remains the world’s top destination. The city recorded 20 million international visitors who spent an average of Ksh17,300 per day for five nights.

London(UK) played second fiddle to Bangkok attracting 19.3 million visitors who spent Ksh 15,300 per night for 6 nights.

Paris(France), Dubai(UAE) and Singapore were the world’s third, fourth and fifth top destinations attracting 17.4 million, 15.7 million and 13.9 million visitors who spent Ksh30,100, Ksh53,700 and Ksh28,600 for an average of 4 days respectively.

SEE ALSO : NAIROBI LEADS IN SAFETY DISASTER MANAGEMENT IN THE COUNTRY

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Safaricom CEO Peter Ndegwa
NEWS

Safaricom Makes Big Cuts on M-PESA Merchant Charges from this August

Safaricom Plc has made huge cuts on its Pochi La Biashara where...

BUSINESS

Airtel Kenya Picks New Board Chairman and Managing Director

Airtel Networks Kenya Limited has made significant change to its C-Suite and...

CBK headquarters in Nairobi
BUSINESS

CBK Reopens Three Infrastructure Bonds Seeking KSh 150Bn

CBK (Central Bank of Kenya) has launched one of its largest Treasury...

ILAM FAHARI I-REIT
BUSINESSNEWS

ILAM Fahari I-REIT net profit up 31.6% to KSh 84.7 m

ILAM Fahari I-REIT, a real estate investment trust in Kenya, saw its...