Despite a large influx of tourists to the Mother City over the course of this holiday season, guest house and lodge owners said their businesses are being strangled to death by the Airbnb phenomenon.
Cape Town – Several guest-house owners who spoke to the Cape Argus have all said that the Airbnb industry is hurting their business, and they would be forced to shut down should this continue.
The owner of the Jambo Guesthouse in Green Point, Barry Thomas, said: “We have had a very grim two years. We have a 50% drop in occupancy... Thomas said his establishment had been operating for more than 24 years, and municipal taxes had risen continuously throughout this period.
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