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Browsing: Airbnb
- In the past two years, short-term rentals in Nairobi have been the new trend.
- Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023.
- Trappler highlights that hospitality is a key economic driver, employment creator, and focal property type in regions throughout East Africa.
Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023. This resurgence is particularly notable in Nairobi, especially with the renewed demand for short-term rentals.
The strategic position of Kenya’s capital city serves as an East African hub for various industries, including corporate, government, MICE (Meetings, Incentives, Conferences, and Exhibitions), embassies, and tourism, which makes it an attractive destination for hospitality and residence brands.
The increasing and diversifying demand for accommodation creates meaningful opportunities for market expansion and business growth.…
South Africa’s Tourism Minister Derek Hanekom met with representatives of global online accommodation booking platform Airbnb to discuss various policy issues, in particular, the regulation of short-term home rentals, the department said on Friday.
The meeting took place in the context of the current call for public comment on the Tourism Amendment Bill, published on April 15, to provide stakeholders an opportunity to make submissions.
The Tourism Amended Draft Bill aims, amongst others, to address the regulatory vacuum on short-term rentals by defining short-term home rentals as “the renting or leasing on a temporary basis, for reward, of a dwelling or a part thereof, to a visitor”.
It also seeks to enable the minister of tourism to determine thresholds regarding short-term home rentals, through a notice in the Government Gazette, according to the department.
“The Amendment Draft Bill in its current form proposes that the minister of tourism be empowered …