Increase in Serena Hotels shares shows Kenya holiday industry is on the rise
The African chain Serena hotels is enjoying an enviable position in the stock market as its shares prices have jumped up 10.5% also indicating an increase in demand for Kenya holidays, Tanzania holidays and other Africa holidays.
The share price of Serena Hotels in Kenya has jumped 10.5 per cent, indicating that Kenya holidays are on the rise bringing hope to the region's travel and holiday industry. The five-star hotel chain has properties all over the world including Afghanistan, Pakistan, Mozambique, Tanzania, Uganda, Kenya, Zanzibar, and Rwanda, providing a wide range of luxury accommodation.
Kenya Holiday Industry has suffered throughout the recession but with the help of Serena Hotels, visitor numbers look likely to increase in the near future. The Kenyan holding company of Kenya's Serena Hotels chain, TPS Eastern Africa Ltd. (TPSEA KN, paced the increasing stocks as the share price rose to 42.25 shillings.
Managing director of Nairobi-based Tsavo Securities Ltd, Fred Mweni, said:
"There is demand but there is no supply. The peak holiday season has just started and signals good things."
The most prestigious of the Serena Hotels is the luxury Nairobi Serena Hotel which features 183 luxury rooms and 7 suites offering guests on their Kenya holidays an extravagant break in the beautiful country. The five-star hotel is also a member of the Leading Hotels of the World.
With so much for tourists to do, whether it is taking safaris in Kenya, exploring the 225, 00 square miles of jungles and forests, climbing the stunning snow-capped mountains, or relaxing along the stretch of breathtaking coastline, there are a range of activities for visitors of all ages, suiting all tastes.
Known for its wildlife, game parks, and sightings of the "Big 5", visitors staying at Serena hotels in Kenya will experience the holiday of a lifetime with luxury accommodation and facilities in the heart of nature's finest.
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