The tourism industry in Las Vegas has recovered all but 1.3 percent from the fallout that is devastating of recession, but what lies ahead for Sin City’s visitor growth for the following five years? This will depend who you ask.
Las Las Vegas tourism continues to flourish, but several factors could hamper future expansion, from terrorism to flight pilot shortages.
Several facets point toward slower growth, nevertheless the recovery from the 2008 Great Recession is nearly complete.
That is based on UNLV’s Center for Business and Economic analysis director Stephen Miller, whom said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a capacity that is limited in 2018, based on a story in the Las 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 will have seen for the last 36 months.
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 prices, have actually additionally gone up into the past two years, in line with the LVCVA.
It has certainly been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million site visitors floc Continue reading “Is Vegas Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints”