Is Las Vegas, Nevada Tourism’s Future Boom or Bust? Experts Have Different Viewpoints

Is Las Vegas, Nevada Tourism’s Future Boom or Bust? Experts Have Different Viewpoints

The tourism industry in Las Vegas has restored 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 next five years? It depends who you ask.

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

Several factors point toward slower growth, nevertheless the recovery from the 2008 Great Recession is nearly 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, in accordance with a story in the Las Vegas Review-Journal.

Those thoughts have been in direct contrast to those of officials at the Las Vegas Convention and Visitors Authority (LVCVA). Execs there genuinely believe that indicators point toward an upsurge in visitors, continuing a trend they have seen for the last three years.

Tourism Records Broken

Visitor numbers in Las Vegas have been spiking since 2015. Occupancy rates in hotels, as well as average daily room prices, have actually also gone up in the past couple of years, based on the LVCVA.

It offers definitely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flocked to la Read more

PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Revenue, or Impact Martial Law Directive

PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Revenue, or Impact Martial Law Directive

PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned within the long-term financial implications stemming from the recent terror wreaked on Resorts World Manila that left 37 innocent dead.

About that Resorts World Manila attack? Should not have any negative effect on gaming revenue, so says PAGCOR Chairwoman Andrea Domingo.

PAGCOR CEO Andrea Domingo told reporters this week that her agency does not expect the country’s casino industry to suffer as a result of the tragedy.

On June 2, a guy reportedly suffering from a gambling that is severe, entered Resorts World within the money city and lit areas of the gaming floor on fire.

‘As of now, I don’t see any effect on the gaming industry,’ Domingo said, as reported by Malaya company Insight. ‘since, we’re averaging P5 billion ($101 million) a month, so that’s around P25 billion as of May january. I think we will find a way to strike the prospective of P60 billion and above.’

The cause of Domingo’s seemingly unwarranted optimism is that the Resorts World attack isn’t believed to have been linked to any terroristic organization. Capital Region Police Office Chief Oscar Albayalde said the suspect, who later committed suicide, was heavily indebted to the casino and that ended up being his main motive.

Unrest in Philippines

Even though many Americans feel President Donald Trump is unstable, even potentially Read more