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0.75Segment: Main Investment Market
Sector: Commercial And Services
Brief Company Profile
4th Floor, Williamson House 4th Ngong Avenue P.O. Box 48690-00100 Nairobi, Kenya +254-20-2710511 (Phone)
+254-20-2718100 (Fax)
Company website:
http://www.serenahotels.com/
News Releases | Corporate History/Profile | Products/Services
Updated: Sun, September 21, 2008
Business Performance
Tourism Promotion Services is one of the main participants in the hospitality industry courtesy of the Serena group of hotels. The firm has embarked on and largely succeeded in putting up hotels and lodgings in most of the major tourist attractions in the region with a view to enhancing its Serena brand name as a mark of quality in the industry and thereby cementing brand royalty in the up market tourist segment. In addition, the firm continues to maintain and upgrade existing facilities in a bid to widen its market scope and capture a larger share of the conference-market segment.
The firm recently opened its new facility in Uganda — Kampala Serena Hotel — which will go along way in boosting its regional brand positioning. This will also enable the firm to be a major beneficiary of next year's Commonwealth Heads of Government Meeting (CHOGM) to be held in Kampala.
In the first half of 2006, turnover stood at KES 1.39 Billion while recording a profit before tax of KES 120.00 Million in with earnings settling at KES 78.50 Million. All in all, the second half of the year should be able to generate a better performance as the peak season falls in this period.
Future Prospects
In view of the continued robustness in the tourism sector, as shown by the 13.3% growth in tourism arrivals in the first seven months of 2006, the firm's revenue base is also likely to continue on an upward trend.
Updated: Thu, October 26, 2006
• Sadili Youths Learn From Serena (09 Mar 2010)
With 11 Grand Slam titles to her name, Serena Williams is yet to hang up her racquet. The American says she still has five or more years to go. "Maybe I still have five or more years to go," the 28-year-old world No.1 said on Wednesday after...
• Kibet Sets Up Semi against Archrival Oduor (04 Mar 2010)
Any dark horse coming up against Serena Williams always yearns for that sweet upset victory against the tennis great.
• Youths Eager to Learn From Tennis Superstar (25 Feb 2010)
With 11 Grand Slam titles to her name, Serena Williams is yet to hang up her racquet. In fact, the American says she still has five or more years to go. "Maybe I still have five or more years to go," the 28-year-old world No.1 said on Wednesday after...
• Bloggers Laud Serena Visit, Boo Leaders (25 Feb 2010)
The arrival of tennis world No.1 Serena Williams has elicited varied responses from Nation online readers regarding the charitable causes she is undertaking in the country.
• Queen of Court Gifts Children (24 Feb 2010)
It was double joy for the residents of Kilili Village in Eastern Province on Tuesday. They came face to face with Serena Williams, the tennis icon they only see on television.
• Game, Set and Serena Williams is Here (22 Feb 2010)
Across the world, blue bloods, music stars, business tycoons, top political figures, drug barons and celebrity athletes populate the class of big money spenders capable of lavishing millions of dollars in a single outing.
• Serena's Second Charity Mission (22 Feb 2010)
She is back in Kenya for another charity mission.
• Serena Arrives to Tour Projects (22 Feb 2010)
One year and three months after visiting Kenya, American tennis sensation Serena Williams returns to Nairobi on Monday to follow up on her humanitarian projects in the country.
• Serena Set for Kenya Charity Mission (18 Feb 2010)
American tennis sensation Serena Williams visits Kenya on Monday for the second time on another charity mission.
• Serena to Expand Its Empire (26 Jan 2010)
Listed hotel group TPS Serena is to construct a tourist lodge at the Ndere Island in Lake Victoria as the government moves to open up the west Kenya tourism circuit.
• Advance Team Strategises Ahead of Serena Talks (12 Nov 2009)
A section of cabinet members from ODM and PNU on Thursday morning held separate meetings at Serena Beach Hotel in Mombasa to strategise ahead of Friday's meeting which is expected to be attended by Ministers, their assistants and permanent secretaries.
• Riepa Hosts Business Association (24 Nov 2008)
The Rwanda Investment Export Promotion (RIEPA), Friday sponsored a dinner at Serena hotel for members of the Kenya-Rwanda Business Association.
• Strathmore Launches Memorial Fund (03 Nov 2008)
Friends and former students of the late Kevin O'Byrne on Friday evening gathered at Serena hotel to launch a memorial scholarship fund in his memory.
• Kenyan Army to Train Troops (10 Oct 2008)
Kenya is set to begin training up to 10,000 Somali troops. Foreign Affairs Minister Moses Wetangula told African ambassadors meeting at the Serena Hotel that the training of the military, paramilitary and police officers will be carried out according...
• Safaricom Joins the NSE 20 Share Index (27 Jun 2008)
Safaricom, East Africa's most profitable telephony company, has been included in the NSE 20 Share index. Its inclusion replaces TPS Serena in the commercial and services sector.
• Serena Talks Resume (23 Apr 2008)
The Kenya National Dialogue and Reconciliation Committee talks resume today with the priority being the composition of members of the Truth, Justice and Reconciliation Commission (TJRC).
• Annan in Series of Meetings (18 Apr 2008)
Former UN Secretary General, Dr Kofi Annan, spent most part of yesterday meeting various groups and leaders at Serena hotel.
• Serena Talks 'May Collapse' (08 Apr 2008)
Mediation talks hang in the balance due to the Cabinet deadlock between PNU and ODM.
• Mediation Talks Off as Members Stay Away (08 Apr 2008)
Mediation talks failed to take off at Serena Hotel on Monday.
• Serena Upbeat About Tourism Sector's Recovery (07 Apr 2008)
Tourism Promotion Services is forecasting lower profits for the first half of the year to June 2008 following the massive cancellations between January and February.
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