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Airbnbs squeeze Nairobi tenants too
In May, Airbnb unveiled a major redesign to make it easier for users to book such services—an expansion it hopes will earn more than a billion dollars (about Sh129 billion) in three to five years, according to chief executive Brian Chesky.
The mushrooming of short-term rentals such as Airbnbs in Nairobi’s estates is fast becoming more than a nuisance for residents.
Beyond the awkwardness of having different neighbours every few days, investors in short-term rentals are now competing with long-term tenants for limited units—just when many had begun to enjoy the relief of a “tenant’s market”.
