Can Las Vegas Survive These Hard Times?
Las Vegas is most definitely listed as one of the more luxurious Cities in the World to visit.
So then, what does it offer to the savvy traveller in a period of austerity and belt tightening? Considered to be the entertainment capital of the World, it's difficult to see how and why in hard time s Las Vegas can continue to attract the upwards of 37 million visitors a year.
The attractions in Las Vegas are famous for their opulence and splendour, linked with an almost fanatical obsession to make everything "work perfectly".
The mega luxurious hotels and shopping centres, the mind-blowing shows, the biggest celebrity performers, multi cuisine dining and of course not forgetting the casinos, have all played a role in keeping the visitors high.
There are other newer factors that have meant that becoming more and more diverse in its offerings that are serving to keep more and more visitors coming.
Las Vegas can now be considered one of the World's premier golfing destinations and is a magnet for people each year that attend the hundreds if not thousands of conventions that are staged.
All of these facilities help to feed and feed off each other to keep the revenue rolling.
Lets us quickly look at some figures from "The Center for Business and Economic Research", University of Nevada, Las Vegas.
Visitor volume: 2007 - 39million 2008 - 37m 2009 - 36m 2010 - 37m Visitors spend: 2007 - $41billion 2008 - $41b 2009 - $35b 2010 - $36b Gaming revenue: 2007 - $10billion 2008 - $9.
7b 2009 - $8.
3b 2010 - $8.
9b Convention att: 2007 - 6.
2million 2008 - 5.
8m 2009 - 4.
4m 2010 - 4.
4m It would seem that from the figures here, that after the initial peak of visitors in 2007, the effects of a looming and then subsequent World recession began to bite into Vegas.
We can also see however that the figures for 2010 show a marginal increase once again in terms of Visitors, spend and gaming revenue.
In the light of reduced business spending, the convention numbers continued to fall.
How is it possible then for Las Vegas to show an improvement in the light of austerity? It needs just two things to keep the wheels turning, visitors and money.
The two things that in these hard times should both be in short supply! It seems as though Las Vegas is increasing its share again, how is it possible? As they say "This is Vegas baby", is the Vegas holiday doomed? Perhaps not! Two major factors always come into play in hard times: 1.
Las Vegas needs visitors 2.
People need to "feel good" All of the massive resorts in Las Vegas have gleaned years and year's worth of statistics and information about the visitors they receive, vast mailing lists, people's needs, wants and desires.
They have teams of people, whose job it is to get you to "come back".
They know that they only have to create a feeling of, "what's in it for me?" to make people think about the good times.
The best way for this to happen is to get the people to Las Vegas in any way they can.
In part, the room rates become incidental, a little bit like airline seats on package holidays.
For the savvy traveller this can mean only one thing, great discounts, great savings and for the most part all the resorts trying harder to please you when you are there.
There are countless websites, magazines and tour operators out there advertising those "Special Deals", you just need to look.
If you are a Las Vegas regular, then I am certain you will have been contacted more than once directly.
Vegas holiday guide, can help with finding one of the many discounted deals that are offered by most of the hotels and resorts.
There are discount vouchers and coupons to be found everywhere and deals on food and shows are abundant.
These discounts ensure that a steady stream of visitors continue to flow through Las Vegas.
In times of austerity, people will always get the urge to "treat ourselves" or crave the "feel good factor" and a trip to Vegas can provide this.
It may be a shorter trip then usual and possibly not as lavish as you would like, but feel good you will and ultimately in hard times you want some normality! Will Las Vegas survive these hard times? Of course it will, it will remain as one of the most popular visitor destinations in the world.
It has seen hard times before and will no doubt see them again but like the many fighters who have graced the ring in Las Vegas over the years; it will pick itself up, dust itself down and start all over again.
So then, what does it offer to the savvy traveller in a period of austerity and belt tightening? Considered to be the entertainment capital of the World, it's difficult to see how and why in hard time s Las Vegas can continue to attract the upwards of 37 million visitors a year.
The attractions in Las Vegas are famous for their opulence and splendour, linked with an almost fanatical obsession to make everything "work perfectly".
The mega luxurious hotels and shopping centres, the mind-blowing shows, the biggest celebrity performers, multi cuisine dining and of course not forgetting the casinos, have all played a role in keeping the visitors high.
There are other newer factors that have meant that becoming more and more diverse in its offerings that are serving to keep more and more visitors coming.
Las Vegas can now be considered one of the World's premier golfing destinations and is a magnet for people each year that attend the hundreds if not thousands of conventions that are staged.
All of these facilities help to feed and feed off each other to keep the revenue rolling.
Lets us quickly look at some figures from "The Center for Business and Economic Research", University of Nevada, Las Vegas.
Visitor volume: 2007 - 39million 2008 - 37m 2009 - 36m 2010 - 37m Visitors spend: 2007 - $41billion 2008 - $41b 2009 - $35b 2010 - $36b Gaming revenue: 2007 - $10billion 2008 - $9.
7b 2009 - $8.
3b 2010 - $8.
9b Convention att: 2007 - 6.
2million 2008 - 5.
8m 2009 - 4.
4m 2010 - 4.
4m It would seem that from the figures here, that after the initial peak of visitors in 2007, the effects of a looming and then subsequent World recession began to bite into Vegas.
We can also see however that the figures for 2010 show a marginal increase once again in terms of Visitors, spend and gaming revenue.
In the light of reduced business spending, the convention numbers continued to fall.
How is it possible then for Las Vegas to show an improvement in the light of austerity? It needs just two things to keep the wheels turning, visitors and money.
The two things that in these hard times should both be in short supply! It seems as though Las Vegas is increasing its share again, how is it possible? As they say "This is Vegas baby", is the Vegas holiday doomed? Perhaps not! Two major factors always come into play in hard times: 1.
Las Vegas needs visitors 2.
People need to "feel good" All of the massive resorts in Las Vegas have gleaned years and year's worth of statistics and information about the visitors they receive, vast mailing lists, people's needs, wants and desires.
They have teams of people, whose job it is to get you to "come back".
They know that they only have to create a feeling of, "what's in it for me?" to make people think about the good times.
The best way for this to happen is to get the people to Las Vegas in any way they can.
In part, the room rates become incidental, a little bit like airline seats on package holidays.
For the savvy traveller this can mean only one thing, great discounts, great savings and for the most part all the resorts trying harder to please you when you are there.
There are countless websites, magazines and tour operators out there advertising those "Special Deals", you just need to look.
If you are a Las Vegas regular, then I am certain you will have been contacted more than once directly.
Vegas holiday guide, can help with finding one of the many discounted deals that are offered by most of the hotels and resorts.
There are discount vouchers and coupons to be found everywhere and deals on food and shows are abundant.
These discounts ensure that a steady stream of visitors continue to flow through Las Vegas.
In times of austerity, people will always get the urge to "treat ourselves" or crave the "feel good factor" and a trip to Vegas can provide this.
It may be a shorter trip then usual and possibly not as lavish as you would like, but feel good you will and ultimately in hard times you want some normality! Will Las Vegas survive these hard times? Of course it will, it will remain as one of the most popular visitor destinations in the world.
It has seen hard times before and will no doubt see them again but like the many fighters who have graced the ring in Las Vegas over the years; it will pick itself up, dust itself down and start all over again.
Source...