HOTELIERS SPEAKOUT – Players in the Hotel Industry acknowledge the 2nd quarter...

HOTELIERS SPEAKOUT – Players in the Hotel Industry acknowledge the 2nd quarter of financial year was rough

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Players in the Hotel Industry acknowledge the 2nd quarter of financial year 2015/16 was rough in the business sense, with most of them incurring unrevealed loss in operations.

According to the Managing Director of Serena Hotels Uganda, Mahmud Jan Mohamed, the uncertainty that loomed during the 2016 elections forced foreign visitors to cancel earlier bookings.

The players are now optimistic the vibrant tourism industry could now spur growth in the coming fiscal year.

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