Hotels lose conference guests to Airbnbs on high living cost shift

One of the common areas at Nairobi’s Avana Residence where Supreme Residences runs an AirBnB on October 31, 2022.

Photo credit: File | Nation Media Group

Guests attending conferences are opting for cheaper accommodation on the short-stay rental platform Airbnb, a new survey has revealed, dealing a blow to hotels in Kenya.

Hoteliers polled by the Central Bank of Kenya (CBK) said they are struggling to retain guests who attend conferences in their facilities by day, as many now opt for cheaper Airbnbs for accommodation by night.

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Note: The results are not exact but very close to the actual.