
The tourism industry in Las Vegas has restored all but 1.3 percent through the fallout that is devastating of recession, but what lies ahead for Sin City’s visitor growth for the next five years? This will depend who you ask.
Las Las Vegas tourism continues to flourish, but several factors could hamper expansion that is future from terrorism to airline pilot shortages.
Several facets point toward slower growth, but the recovery from the 2008 Great Recession is practically complete.
That’s according to UNLV’s Center for Business and Economic Research director Stephen Miller, who said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a limited capacity, in 2018, according to a story in the vegas Review-Journal.
Those thoughts come in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there genuinely believe that indicators point toward an upsurge in site visitors, continuing a trend they have seen the past 3 years.
Tourism Records Broken
Visitor numbers in Las Vegas have been spiking since 2015. Occupancy rates in hotels, as well as average day-to-day space rates, have additionally gone up into the past two years, in line with the LVCVA.
It has absolutely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flocked to Sin City, accor Continue reading →
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