The tourism industry in Las Vegas has recovered all but 1.3 percent through 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 Vegas tourism continues to flourish, but several factors could hamper expansion that is future from terrorism to airline pilot shortages.
Several factors point toward slower growth, but 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, 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 have been in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there believe that indicators point toward an upsurge in visitors, continuing a trend they’ve seen going back three years.
Tourism Records Broken
Visitor numbers in Las vegas, nevada have been spiking since 2015. Occupancy rates in hotels, along with average room that is daily, have actually also gone up within the previous couple of years, according to the LVCVA.
It has certainly been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flo Læs videre “Is Las Vegas, Nevada Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints”