Nairobi’s Airbnb rates rise to Sh5,600 per night – Kenya Satellite News Network

By Judith Gicobi

The average daily cost of renting a property in Nairobi through the short-term house rental platform Airbnb has risen 22.5 percent to $49 in the last 11 months (Sh5, 652).

According to statistics from vacation rental research firm AirDNA, daily prices have increased from $40 (Sh4, 592) in May last year.

The costs are made up of the average cost of nightly reservations + cleaning fees.

The increase reflects greater travel and spending by Kenyans and foreigners as the global economy improves and the Covid-19  restrictions on migration are lifted.

The majority of the Airbnb listings are in middle-class areas, such as Kileleshwa, Westlands, Lavington, Kilimani, Yaya, and Valley Arcade.

As more investors enter the market, competition for visitors is projected to increase in the near future.