Kenya tourist volume increased from 35.6 million trips in 2008 to 53.7 million in 2012 at a compound annual growth rate (CAGR) of 10.80%.

Kenya’s tourism operators relaxed following the relatively peaceful presidential elections in March 2013. In late 2007, violence in the wake of the elections severely curtailed tourism in the country until recently. The sector has recovered significantly and the outlook is now bright; leading foreign hotel groups are showing a renewed interest in establishing operations in the country and expanding existing ones. Since the violence-related decline of 2008, inbound tourism has recovered with positive growth rates. Inbound arrivals increased from 1.2 million in 2008 to an estimated 1.9 million in 2012, rising at a CAGR of 12.56. Over the forecast period, international arrivals are expected to swell to 2.4 million by 2017, an increase at a CAGR of 5.09%.Domestic tourist volume increased from 35.6 million trips in 2008 to 53.7 million in 2012 at a compound annual growth rate (CAGR) of 10.80%. Volumes are expected to expand over the forecast period to reach 68.4 million by 2017, increasing at a CAGR of 4.95%. Domestic tourism demand will be stimulated by the growth of the middle class, as well as government efforts to reduce sector dependence on inbound tourists. Domestic tourism expenditure increased from KES70.8 billion (US$1.1 billion) in 2008 to KES115.9 billion (US$1.3 billion) in 2012 recording a CAGR of 13.10%. Transportation held the largest share of the total expenditure in 2012, followed by accommodation and foodservice. Foodservice achieved the highest CAGR of 13.86% during the review period followed by accommodation and retail at 13.64% and 13.09% respectively.
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Future of Car Rental in the UAE

“The Future of Car Rental in the UAE to 2017: Market Profile” is the result of extensive research on the travel and tourism industry covering car rentals in the UAE. It provides detailed analysis on key trends and issues, market size and forecasts, key performance indicators and competitive landscape in the UAE car rental market. The report also includes an overview of the UAE travel and tourism industry covering key trends, barriers to tourism and tourist attractions with a detailed SWOT analysis of the tourism industry in the UAE. Review and forecast data for tourism demand factors and market indicators has also been included in the report. This report also provides an overview of the leading companies in the car rentals market in the UAE.

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Travel and tourism in Argentina accounted for 10.5% of the national GDP and 9.9% of the country’s total employment

Travel and tourism in Argentina accounted for 10.5% of the national GDP and 9.9% of the country’s total employment in 2011. In terms of domestic tourism, 2012 proved to be an excellent year recording 48.2 million domestic travelers – an increase of 8.3% over 2011. International departures also increased by 11.6% in 2012 over the previous year. One of the key reasons for the increase in domestic and outbound volumes was an increase in overall spending power as the country’s economy continued to recover. A high inflation rate within the country and the exchange rate of the Argentine Peso has also made it cheaper for Argentina’s residents to holiday abroad.
• Tourism is expected to be one of Argentina’s best performing sectors over the next decade, with its contribution to the economy growing at 2.5% per annum. Tourism will play an important role in the economic development of the country by developing wealth and generating employment. Consequently, to promote tourism, the government has launched a new tourism marketing plan for 2012–2015.
• During 2012, Argentina welcomed 5.7 million overseas visitors, a decline of 1.2% on 2011 figures. However, inbound expenditure in 2012 registered growth of 10.0% over 2011. Over the forecast period, the volume of inbound visitors is expected to increase at a CAGR of 4.19%.
• In 2011, an ash cloud from a volcanic eruption in Chile led to the cancelation of many flights, which resulted in disrupted volumes of inbound and domestic tourism in Argentina.
• Sports tourism is an important contributor to the tourism industry in Argentina. Various sporting events are organized both in Argentina and its neighboring countries which attract a large number of tourists. For example, Brazil’s hosting of the Football World Cup in 2014 and the Olympics in 2016 is expected to have a knock-on benefit on Argentine tourism.
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