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 las vegas’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 flight pilot shortages.
Several facets point toward slower growth, however the recovery from the 2008 Great Recession is nearly complete.
That is according to 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 capacity that is limited in 2018, in accordance with 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 think that indicators point toward an upsurge in site visitors, continuing a trend they will have seen going back 36 months.
Tourism Records Broken
Visitor numbers in vegas have been spiking since 2015. Occupancy rates in hotels, along with average room that is daily, have additionally gone up into the past couple of years, in line with the LVCVA.
It has definitely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flocked to las vegas, ac Leer más