Ser­viced apart­ments beat ho­tels in oc­cu­pancy lev­els, says Cy­tonn Hos­pi­tal­ity Re­port 2016

The Star (Kenya) - - News Business -

MERCY GAKII / Ser­viced apart­ments in Nairobi re­ported higher oc­cu­pancy rates than ho­tels in Nairobi, a new sur­vey based on 2015 data shows. The apart­ments had 29.6 per cent higher oc­cu­pancy than ho­tels, and were also 33.5 per cent cheaper, the Cy­tonn Hos­pi­tal­ity Re­port 2016 – Sail­ing Through The Storm – re­veals. Best lo­ca­tions for ser­viced apart­ments are Up­per Hill and Ki­ambu Road, the an­a­lysts said, cit­ing high de­mand, oc­cu­pancy rates and up­com­ing busi­ness nodes. “We ex­pect in­creased fo­cus on de­vel­op­ment of ser­viced apart­ments in Up­per Hill, West­lands, Ki­ambu Road and Lav­ing­ton due to the high oc­cu­pancy lev­els al­ready in the mar­ket. The ho­tel in­dus­try will con­tinue to face a few chal­lenges be­fore oc­cu­pancy lev­els im­prove to prof­itable lev­els again. How­ever, de­vel­op­ment is rife with more than 2,500 beds be­ing added over the next year,” Cy­tonn chief in­vest­ment of­fi­cer El­iz­a­beth Nkukuu said. Meet­ings, in­cen­tives, con­fer­ences and ex­hi­bi­tions (Mice), have raised ho­tel oc­cu­pancy as del­e­gates con­tin­ued to in­crease be­tween 2011 and 2015.

Cy­tonn chief In­vest­ment Of­fi­cer El­iz­a­beth Nkukuu

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