October 4, 2018 / 7:42 AM / a year ago

UPDATE 1-Kenya's earnings from tourism to climb 15 pct this year, minister says

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NAIROBI, Oct 4 (Reuters) - Kenya is likely to earn 15 percent more this year from tourism as the number of visitors grows by 17 to 18 percent, the country’s tourism minister said.

The East African nation, which relies on tourism as a source of hard currency and jobs, had 1.47 million tourists last year and earned 120 billion shillings ($1.19 billion) from their visits.

The forecast was based on a growing local market and new daily, direct flights to New York by Kenya Airways, which will attract more American tourists, Najib Balala said late on Wednesday, on the sidelines of the Africa Hotel Investment Forum, an industry event.

But he said Africa’s share of the annual global market, at about 3 percent of the total, was not impressive. Officials on the continent want to increase its annual share of tourists to 150 million by 2030, from the current 62 million.

Along with agricultural exports and cash sent home by Kenyans living abroad, tourism is one of the top foreign exchange earners. ($1 = 100.9000 Kenyan shillings) (Reporting by Duncan Miriri, editing by Larry King Editing by Maggie Fick and John Stonestreet)

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