Over 40 million tourists hit Vegas yearly — not all crash in hotel rooms.
Vegas has 13,000+ short-term rentals, but only about 7% are legally licensed.
Around 40% are owner-occupied — locals renting out a spare bedroom for extra income.
Out of thousands of applications, just 174 STR licenses were approved near the Strip.
Many guests pick STRs for group stays, privacy, lower prices, or family visits.
