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? 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, nevertheless the recovery from the 2008 Great Recession is practically complete.
That’s according to 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 during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there think that indicators point toward an upsurge in site visitors, continuing a trend they’ve seen going back 3 years.
Tourism Records Broken
Visitor numbers in nevada have been spiking since 2015. Occupancy rates in hotels, also average room that is daily, have actually additionally gone up in the previous two years, based on the LVCVA.
It has certainly been a bull market for both the Strip and downtown in vegas. In 2016, 42.9 million visitors flocked to las vegas, according to Vis Continue reading “Is Nevada Tourism’s Future Boom or Bust? Specialists Have Varied Viewpoints”