The tourism industry in Las Vegas has recovered all but 1.3 percent through the devastating fallout for the recession, but what lies ahead for Sin City’s visitor growth for the next 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 airline pilot shortages.
Several factors point toward slower growth, nevertheless the recovery from the 2008 Great Recession is almost complete.
That’s 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, based on a story in the vegas Review-Journal.
Those thoughts come in direct contrast to those of officials during 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 have seen for the past three years.
Tourism Records Broken
Visitor numbers in vegas have been spiking since 2015. Occupancy rates in hotels, in addition to average room that is daily, have actually additionally gone up into the previous couple of years, according to the LVCVA.
It offers absolutely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flock