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Is Las Vegas Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints

Is Las Vegas Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints

The tourism industry in Las Vegas has restored all but 1.3 percent through the devastating fallout associated with the recession, but what lies ahead for Sin City’s visitor growth for the next five years? This will depend who you ask.

Las Vegas tourism continues to flourish, but several factors could hamper future expansion, from terrorism to airline pilot shortages.

Several factors point toward slower growth, but the recovery from the 2008 Great Recession is almost complete.

That is based on 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 capacity that is limited in 2018, according to a story in the nevada Review-Journal.

Those thoughts come in direct contrast to those of officials at the Las Vegas Convention and Visitors Authority (LVCVA). Execs there 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, nevada have actually been spiking since 2015. Occupancy rates in hotels, also average daily space prices, have additionally gone up in the past couple of years, according to the LVCVA.

This has absolutely been a bull market for both the Strip and downtown in Las vegas, nevada. In 2016, 42.9 million visitors flock Weiterlesen