is Vegas a good STR investment?

[Liz Weiss]

I know you can do an STR in parts of Vegas. Does anyone think this is a particularly good spot for a short term rental on Airbnb? Housing prices are still fairly low right now.

[Brian Burke]

Wow, interesting question.  Going head to head with hotels in Vegas is quite a David and Goliath story. That city has more hotel rooms than any US city (almost 170,000 of them) and is home to two of the three largest hotels in the US (which also happen to be in the top five largest in the world).  Travel there is dominated by entertainment and conference/trade show business which is centered around the strip and the large off-strip resorts. I just don’t think I’d want to be a competitor with that level of disadvantage. 

If there are any STR owners on BP I'd be interested to hear how well it's working. If there aren't any, that's probably telling you the answer.