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Monday, December 8

Browsing: JW by Marriott

Kenya’s Capital Nairobi could soon have an oversupply of hotel rooms, latest trends have indicated, in the wake of heavy investments in the hospitality industry. Whilst the inclination reflects investor confidence in the country as the city continues to attract high level conferences and investments by multinationals and locals, concerns are now that an oversupply will drawback returns in the industry as hotels scramble to fill rooms. Average hotel occupancy in Nairobi remains at 52 per cent, with the number of hotel rooms tripling in the last five years to more than 19,000.

Nairobi faces hotel influx as prices drop

Kenya 27.05.2019

Kenya’s capital-Nairobi could soon have an oversupply of hotel rooms, latest trends have indicated, in the wake of heavy investments…