Sep

11

Tourism weakness comparable to 9-11 and start of Iraq war

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Las Vegas Sun has two nice articles that sum up the two main data points for the health of the Las Vegas Strip - visitors and gaming revenue.

Visitors - Visitor numbers see largest fall since 2003

Las Vegas in July experienced its largest monthly decline in visitor traffic since the start of the Iraq war in March 2003, the Las Vegas Convention and Visitors Authority reported today.

Visitor traffic fell 5 percent versus the same month a year ago

One thing to consider is that July was when gas spiked to $4+ per gallon, which held a lot of people back. August will have these same challenges too, since gas was still pretty expensive. Recall that the casinos were (and still are) practically giving away their hotel rooms though to entice people to visit during July and August, which Read more

Aug

13

World not coming to an end

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Remember last month when Nevada released its horrible May gaming revenue numbers and every news report from Las Vegas to Macau made it sound like Las Vegas was officially dead? Well, they were wrong. May was bad, but not nearly as bad as the numbers looked due to the way that slot machine revenues are counted depending on what day the month ends on. For more details on this you should read this article from the Las Vegas Sun Read more

Jul

16

Las Vegas Visitation Study

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Ever wonder why people visit Las Vegas or who the typical visitor is?  There is a report put out every year by the Las Vegas Convention and Visitors Authority that answers those questions and many, many more.  Its really a great research piece and everyone should take a look through it.

Here is a quick summary of the reports highlights:  Read more

Jul

16

May Las Vegas Tourism Stats

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Nevada released its May tourism numbers a few days ago.  The whole report can be viewed here.

Not a good month as expected, especially after the terrible gaming revenue numbers came out.  The tourism numbers were down pretty meaningfully, but not as much as the gaming numbers, which means visitors are gambling less.  I guess thats what you would expect when people have less money in their pockets.

Heres a quick summary of the main Las Vegas numbers:  Read more