Forecast: Receipts for Passenger Transport Items from International Tourists in Kenya

Based on the provided data, receipts for passenger transport from international tourists in Kenya stood at $755.34 million USD in 2023. Over the last two years (2021-2023), the receipts showed a year-on-year growth, with a slight increase of 0.54% in 2023. From 2013 to 2023, the market experienced significant fluctuations, largely due to external factors such as economic conditions and global events like the COVID-19 pandemic. Notably, from 2016 to 2020, there was a considerable decline, but a gradual recovery has been observed since 2021.

In terms of the Compound Annual Growth Rate (CAGR), the average annual variation from 2013 to 2023 was around 1.19%. Looking forward, the receipts are projected to grow at a modest rate, with a forecast 5-year CAGR of 0.45%, culminating in a 2.26% total growth by 2028.

Future trends to watch for:

• Recoveries or setbacks in international tourism due to global economic conditions.
• Potential impacts of technological advancements in transport and digital tourism.
• Policy changes and their effects on tourism and transport sectors.