Airbnb investors reap from rise in occupancy and leasing fees

Kenyan homeowners with properties listed on the short-term house rental platform Airbnb earned a monthly average of Sh42,795.4 ($298) in the 10 months to July amid rising lease fees.

Data from vacation rental research firm AirDNA shows the monthly revenue grew from Sh30,157.8 ($210) in October last year –when the occupancy rate was at 19 per cent— to Sh52,417.2 ($365) in July 2023.