Top hotels rack up Sh1 billion in unpaid loans

Local tourists on holiday at the Kilaguni Serena Safari Lodge within the Tsavo West National Park views a lion as she walks in the jungle where grass has completely dried up, February 23, 2017.PHOTO:STANDARD

Top hotels were unable to pay up loans worth Sh1.1 billion between October and December last year as tourist numbers fell in the third quarter.

According to the latest Central Bank of Kenya (CBK) figures, tourist arrivals in the fourth quarter of 2016 decreased by 16.7 per cent compared to the third quarter, which had seen Kenya host a number of high-profile international conferences.