Browsing: Investing in tourism

Tourism is and has been the world’s largest industry up until the Covid-19 pandemic hit in December last year. 

Countries both in the developed and developing world have seen ecotourism become the fastest growing sector within the tourism industry. With the potential it has, many governments have invested in the sector by ensuring that players are able to maximize output and productivity through rebates and tax relief which saw the sector grow in leaps and bounds. 

However, the pandemic put a damper stifling the growth of the sector and in some cases rolling back gains made over the past few years. 

In East Africa, ecotourism is a powerful economic force since it has largely made an impact in preventing environmental destruction when correctly managed. With the promotion of community development and empowerment, the sector has created employment in areas that were previously failing under what was commonly referred to as …