Travis Kelce

Subterms

    Latest story

    125 Shares139 Views

    Touchdown! Las Vegas Landlords Scored Big During the Super Bowl 

    by

    Super Bowl LVII was the most-watched of all time, with an average of 123.4 million viewers tuning in to watch the Kansas City Chiefs face off against the Philadelphia Eagles at Allegiant Stadium in Las Vegas. Of course, it didn’t hurt that pop superstar Taylor Swift was in town and in attendance. For those who got to catch the big game in person, it was one of the priciest ever, with an average ticket price of $8,600 and a tray of nachos that rang up to $60. Following suit, just about every short-term rental in the Las Vegas area saw bookings and rates skyrocket.

    For instance, Bryan Ercolano, CEO and founder of TurnKey Pads, a high-end vacation rental service, told The Wall Street Journal that, with the increase in demand for a place to stay, rates for the company’s units clocked in at around $30,000 a night. Typically, nightly rates for the same type of TurnKey units—usually four- to six-bedroom properties surrounding the Strip—would cost anywhere from $2,000 to $20,000 per night. 

    At the start of this year, there were more than 6,600 single-family residences in the Las Vegas area that could be rented for as much as $427 per night, according to new data from AirDNA. The analytics firm also found that the Las Vegas area had over 6,300 entire apartment and condo units available in that same period, with average daily rates of $284 per night. During the Super Bowl, average rental costs jumped to $365, a 19 percent price increase compared to the weekend prior. However, out-of-towners weren’t saving much. Hotel prices, by comparison, were roughly $380, according to travel platform Hopper.

    Super Bowl LVII generated almost $6 million in additional revenue for the short-term rental market in Las Vegas.

    Jeff Speer/Icon Sportswire via Getty Images

    As a whole, the Super Bowl generated a $5.73 million boost in revenue for the short-term rental market, the WSJ reported. Hosts raked in $4.82 million from additional nights being booked and a hefty $908,780 from being able to charge higher rates due to demand. “The Super Bowl’s revenue is a smash success,” AirDNA economist Bram Gallagher told the newspaper.  

    Swift, who was in attendance and cheering on her tight-end boyfriend Travis Kelce, had a similar impact on the local economy when she touched down in Sin City for the Eras Tour back in March. The two-night concert brought in $1.6 million in short-term rental revenue for Las Vegas, while rates for March 24th and 25th increased to $316, a 10 percent uptick from the weekend before. “She has a very large-measure short-term rental effect wherever she goes,” Gallagher added. 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

    Read More More

    More stories

    • 175 Shares189 Views

      in Luxury

      Travis Kelce Just Dropped $6 Million a Kansas City Hideaway Because of Taylor Swift

      by

      Apparently, Travis Kelce knows places where he and Taylor Swift can hide.  

      The Chiefs tight end just scored a $6 million Kansas City mansion after Swifties allegedly began flocking to his former abode, according to TMZ. The 34-year-old was reportedly uneasy with how accessible his former home was to fans and paparazzi, so he bought his own fortress of solitude in a gated community in Leawood to hopefully shake them off. Of course, it doesn’t hurt that the NFL star paid for the pad in all cash. Perhaps he’s picked up a thing or two from his real estate mogul-slash-musician girlfriend. 

      Travis Kelce just bought a $6 million mansion in Kansas City, Missouri for more privacy amid his relationship with Taylor Swift.

      Gotham/GC Images

      The athlete’s swanky estate measures nearly 17,000 square feet and includes six bedrooms and six bathrooms. According to the listing, the three-acre spread was originally built in 1998 and has undergone a massive renovation thanks to Wolfgang Trost Architects and builder Harry Roth. The current house has tons of sporty amenities like a lighted tennis and pickleball court, a mini golf course and a practice green, plus a swimming pool. There’s also a waterfall, wine cellar, and a garage where the Ohio native will presumably store his 1970 Chevelle 408 Stroker convertible—the now famous getaway car.  

      The property sits on over three acres and measures a whopping 17,000 square feet.

      Google Earth

      Kelce, who was drafted by the Chiefs in 2013, has added a few properties to his portfolio in the years since. According to the New York Post, the two-time Super Bowl champ scooped up his former Kansas City home in 2019 in the affluent Briarcliff West neighborhood. At the time, Kelce paid a cool $995,000 for the 10,000-square-foot crib, which features five bedrooms, two baths, a fitness room, a movie theater, and a swimming pool. That same year, he snagged a condo in Orlando, Florida for $355,000. As for Swift, the only thing more impressive than her Eras Tour earnings is the pop star’s $150 million worth of property investments.   More