The tourism industry in Las Vegas has recovered all but 1.3 percent from the devastating fallout regarding the recession, but what lies ahead for Sin City’s visitor growth for the next five years? It depends 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, however the recovery from the 2008 Great Recession is almost complete.
That is based on UNLV’s Center for Business and Economic analysis 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 restricted capacity, in 2018, according to a story in the vegas Review-Journal.
Those thoughts are in direct contrast to those of officials at 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’ve seen going back three years.
Tourism Records Broken
Visitor numbers in Las Vegas have been spiking since 2015. Occupancy rates in hotels, in addition to average room that is daily, have also gone up in the previous two years, in line with the LVCVA.
This has surely been a bull market for both the Strip and downtown in Las vegas, nevada. In 2016, 42.9 million visitors flocked to las vega Continue reading “Is Las Vegas, Nevada Tourism’s Future Boom or Bust? Professionals Have Different Viewpoints”