To sports fans, a trip to see their favorite team compete is truly a religious experience. Indeed, for many events such as college football weekends, hundreds of thousands of fans descend upon small towns across America and instantly overwhelm the few hotels and restaurants. As a result, hotel rates for a single or double occupancy room spike from their usual $50 – $75 to upwards of $500 – $1,000 per night. This unique imbalance between supply and demand creates an exciting income opportunity for property owners.
Hotels are commonly booked up months or years in advance for the hottest games. For these weekends, owners can expect to earn upwards of several thousands of dollars for a single two to three night stay. As well, owners can receive steady income from less popular game weekends because groups of fans travel to games throughout the season. Finally, by actively marketing their home specifically for sporting events, property owners can also receive added exposure for events such as holidays, weddings, graduations, and reunions.
Despite the real estate boom of the last decade, there remains insufficient hotel vacancy to accommodate travelers. Further, there is no commercial alternative for groups of travelers who wish to lodge together while on vacation. Booking a block of rooms can be exceptionally costly for a group of 10-15 when rates are greater than $500 a night. We expect that the demand for vacation rental properties will only increase as more groups of fans become aware of this alternative. Follow the link below to learn more about owning a vacation rental in this exploding industry.
The Rental Decision – click here to download and read the full guide
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