How oversupply of short stay rentals is shrinking investor profits in Kenya

Short stay

Although the business of short stays has grown to the point of oversaturation, some hosts are proving that it can still be profitable.

Photo credit: Pool

Lennox Otieno founded Subleasing Kenya in 2023 when the short-term rental market was highly lucrative. He started with four short stay units, two in Nairobi and two in Mombasa, at a time when few investors had ventured into the business.

“It was still a niche market. There weren’t as many hosts as there are today,” he says.

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