Travis Cadman: Consider Owning an Airbnb in Las Vegas

Perhaps you hail from Alberta, Canada, but you’re looking for a new way to add cash to your coffers through real estate investing in Las Vegas. You may want to consider owning your own Airbnb property. That’s because new research shows that strip resorts in Vegas might have lost $150 million in 2018 to Airbnb book accommodations, according to real estate professional Travis Cadman of Investar USA.


For 2019, the figures could be even higher as more vacationers turn to Airbnb properties rather than choosing to stay at resorts during their trips to the Entertainment Capital of the World. According to experts, the quantity of visitors who are staying at Las Vegas Airbnb accommodations will likely reach a million in 2019, a jump from last year’s 718,000.

So, why exactly are more people choosing Airbnb accommodations over strip resorts? For starters, resorts carry fees, so visitors are searching for less expensive alternatives. The benefit of Airbnb accommodations is that they can cost less than $100 even near the Vegas strip, whereas strip hotels cost between $100 and $200 plus resort fees between $30 and $50. Accommodations through Airbnb currently do not charge these types of fees.

The reality is that not even 2% of Vegas visitors are using Airbnb over resorts. After all, Airbnb currently has under 7,000, whereas the Vegas strip has around 100,000 rooms. However, this small number is enough to impact the revenue that resorts are generating. This is especially truly during peak-demand seasons.

If you’d like to take advantage of the growing Airbnb opportunity in Vegas, it’s paramount that you choose existing homes or sites for building new homes that are relatively close to the strip and that you market these properties professionally. Making an excellent first impression can go a long way in helping you to take full advantage of the short-term rental market in Sin City during the next several years.

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