Airbnb isn’t all that well loved in Las Vegas.
It’s fair to say that our resort managers care for its presence about as much the Taxicab Authority cares for Uber.
Nevertheless, short-term rentals are a reality, and they’re about to get even bigger, as the home sharing company is in the final throes of launching a luxury home version of its service.
Given the number of luxury homes in Las Vegas and our reputation for vacationers wanting to live like celebrities, it’s not a stretch to assume that we’ll be a primary target for renters preferring their cellular phone over a reservation agent.
The company hasn’t fully confirmed the launch of the new service, but it bought a luxury rental company in Canada and multiple industry insiders are reporting its in the mix to be rolled out this year.
Las Vegas is the land of luxury. People come here to sit poolside in $1,000/day cabanas and bask in the flourishes of lavish hotel rooms until it’s time to do the same thing at a nightclub dawn stretches over the valley.
Now, if those people can do all of that in private luxury homes and condos, and then take an Uber to The Strip until it’s time to head back to The Ridges or some other Las Vegas luxury neighborhood, then we might very well have a real problem on our hands.
The potential to lose room rental and taxi fares to the average person’s visit to Las Vegas is a major issue. Those expenses are a large part of our economic model.
With this new Airbnb product, a group of twenty-somethings from Los Angeles can leave the parking hassles and cost of Las Vegas Blvd. out of their trip budget. They can live like celebrities with an entire house of their own for a few days and nights, taking trips in and out of the city on a whim.
The company is worth $31 billion, which makes it capable of holding its own in a financial fight with the city, which is developing plans to curb the vacation rental’s presence in the Las Vegas Valley.
For several years, short-term rental homes have been used as “party houses” by tenants on vacation.
The party house concern has been mainly limited to suburban environments, where homes are more affordable and closer together.
Luxury communities tend to have larger lots and more privacy, which may prevent neighbors from sharing in the experience, so to speak.
However it all shakes out, there’s no denying that sharing economy is having an impact on Las Vegas.