Monday 4 March 2013

Uganda Government injects more money to boost tourism sector.



Uganda Government injects more money to boost tourism sector. http://www.azcmugandatours.com

The amount allocated to Uganda tours promotion in the 2012/2013 budget will be a major illustration of commitment to a sector contributing more than 20% of the national budget revenue, analysts have said.
Because at no time has the country been presented with a better opportunity to show its commitment to the Uganda tours than this year when several major international publications and organizations recognized Uganda's natural abundance and Uganda tourism potential.
 The most vital recognition was from "Lonely Planet", the premier online tourism publication that declared Uganda as the best place to visit in 2012. The national budget framework indicates that the 2012/2013 approved budget for the entire toursto Uganda, trade and industry will rise minimally by 0.1% from sh53.1b to sh65.1b to enhance tours in Uganda.
 For several years now, Uganda tour sector players and observers have been baffled at the sheer lack of financial commitment since donor funding especially from the European Union into the sector dwindled close to a decade ago. However this is beginning to change for the better for Ugandatours
 Already the 2012/2013 national budget framework has pointed to infrastructure of Uganda tours as a major priority area for the Government. The Government has always argued that channeling funds into infrastructure projects like the road network is one way of funding Tours to Uganda  
On the contrary Uganda tours industry players are advocating for more funds to be channeled into promotional tour activities in Uganda, which have been proved to have a direct impact in attracting high spending travelers especially from Europe and the Americas. This is the case with Kenya, Tanzania and lately Rwanda, which have all reaped big from a deliberate decision to pump money at key markets where the top dollar is which is the main targeted market for Ugandatours

Already, first quarter indications are encouraging according to information from Ugandatourism ministry, which show that arrival figures are up. Despite the low funding, Uganda tours contribute 24% of the total national budget revenue. It receives only less than 1% of the total national budget that stands at over sh10 trillion. In the 2011/2012 period, foreign exchange earnings from the sector shot up to $662m (sh1.6 trillion) up from the previous year's $90m (sh229b) which has attracted tours to Uganda

Uganda tours surely have adhered to a wakeup call and are handling tourism as a golden egg with super social and economic benefits to it

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