InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Super Bowl 51 opens a whole arena for an aggressive pitch in Houston Real Estate

Super Bowl 51 opens a whole arena for an aggressive pitch in Houston Real Estate -Insights Success

When New England Patriots and Atlanta Falcons were battling for the championships in their NFL grand finale, it wasn’t just the millions of fans who were looking up for it at the NRG stadium. The hotels in the surrounding premises were eagerly awaiting the onset of fans in the form of luxury aficionados and celebrities who took asylum in their various concierge services.
Going by the past performances it is observed that each of the host cities of the Super Bowl championships have experienced huge year-over-year revenue-per-available-room growth (RevPAR) of more than 100% including Houston in 2004 with +384%. It is also observed that with increase in the size of the market, the RevPAR also decreases. So it is no surprise that the largest year-over-year jump in  RevPAR during the past nine Super Bowl weekends has come from the smallest of the host market, i.e. Indianapolis in 2012 with +1,082%.
This event has acted as a catalyst to revitalization of many of the areas as the city is dressing up for the mega event. With an expectation of at least a million fans and tourists along with wealthy individuals and celebrities, Houston with its growing luxury market is all set for the huge flow of income that will be generated in the weekend.
As per the experts, the super bowl had arrived at a time when the city is riling under the economic crisis aggravated with the drop in oil prices. The city has undergone major infrastructural change with construction of roads and other developments in convention centers and restaurants. It will be a huge benefit for the businesses in Houston even after the mega event. With the consistent rise in luxurious rentals, developers are looking to build more luxury units in Houston. It is said that in 2016 itself, the number of such units doubled with the proposed plans of doubling the rental market in the Downtown area.
As per the statistics available till 2016, luxury apartments can go for $1,000 to $8,000 dollars a month. Condos are put up for a price range of $8,000 to $11,000. It is only after a matter of time that anyone would be able to estimate the actual income and probable investments that was attracted after the Super Bowl event.

Previous Post

Snap acquired Vurb for $114.5M and lays out acquisition details for Bitstrips and Looksery

Next Post

AR Technology Along With 3D Printing, Changes the Outlook of Shopping

Next Post
AR Technology Along With 3D Printing, Changes the Outlook of Shopping - Insights Success

AR Technology Along With 3D Printing, Changes the Outlook of Shopping

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

Cryptoys-creative
Recent News

Cryptoys Lands a 16z Funding to Build NFTs

Tens of millions of dollars are being raised by NFT startup Cryptoys with the intention of creating a blockchain-based toy...

Read more
SpaceX-satellite

SpaceX Ramped up a Battle over Broadband Regulations that Poses an Existential Threat to Starlink

Union of American Airlines Pilots

American Airlines to Cut Service to Four Cities Due to Pilot Shortages

American-Airlines

American Airlines Facing Pilot Shortage, to Cut Service to 3 Cities

a-still-from-the-movie-Lightyear

Pixar’s Lightyear Collection Soars $51 Million in Opening Weekend

Path Breakers

Golden Helix: Providing Leading Genomic Data Analysis Software

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary-Olson-CEO-of-GHO-Group-LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.