Real Estate Revenue Without the Cost of Ownership
Las Vegas, NV., October 4, 2018 — LuxHomePro, a national leader in Short-Term Luxury Vacation Rental education is partnering with Realty411, the Nation’s fastest growing Real Estate Investing Magazine and Expo company to host a Real-Estate conference on November 3rd & 4th, 2018 at the Embassy Suites Convention Center (3600 Paradise Rd., Las Vegas, NV 89169). Those interested in attending should register online at https://www.luxhomepro.com/las-vegas, or attend our free webinar at https://www.luxhomepro.com/profit-webinar.
A shift in consumer behavior is transforming the travel industry as millions of travelers shift from hotels to private homes and apartments as their first choice for accommodations. Sites like AirBnB, VRBO and HomeAway process thousands of lodging transactions weekly. According to CBRE, AirBnB accommodations alone now account for 9% of all lodging units in the 10 largest U.S. markets. What’s more, AirBnB units are doubling annually, while the hotel industry is adding new units at only about 1% each year.
The remarkable thing about this growth is that only about 10% of travelers today are even aware of its existence. Yet, according to Bloomberg, once people have tried it once, they’re hooked, with just 40% saying they still prefer hotels. Goldman Sachs research into this trend confirms that such “people ‘do a 180’ in their preferences,” moving directly from preferring traditional hotels to preferring short-term rental accommodations.
Dave Bynum, Co-Founder of LuxHomePro, believes that “the vacation rental market provides a rare opportunity for investing into the revenues from short-term rentals without taking on the burdens of ownership.” But success requires expert knowledge, Bynum says. “We analyze dozens of factors that the average person might not consider when assessing a property for the vacation rental niche.”
Jerry Conti, Co-Founder of LuxHomePro, agrees. “Even experienced real estate investors may struggle to master the short-term luxury rental marketplace, because the market is so new. Few people have the experience necessary to select and operate properties profitably.”
Their next 1-Day event is coming to Las Vegas, Nevada, November 3rd & 4th, 2018 at The Embassy Suites Convention Center. https://www.luxhomepro.com/las-vegas
LuxHomePro is an Arizona Corporation that provides education and training for the luxury vacation rental industry. For more information about LuxHomePro events and services, please visit http://luxhomepro.com.