Tag Archives: travel

Las Vegas Gamblers Fold ‘Em

Las Vegas visitors reportedly wagered less in 2009 than in previous years- more than $50 less. 

A Las Vegas Visitor Profile released by Las Vegas Convention and Visitors Authority found the average gambler budgeted about $481 per trip last year. That compares with almost $532 in 2008, more than $555 in 2007 and nearly $652 in 2006. 

Gambling was just the tip of the economic iceberg:  lodging, dining, shows and shopping were also casualties.  The study found hotel spending per night was down 25% in 2009, to about $76; the average cost of a tour package was down 14%, to about $640; and the total spent on restaurants was down 8%, to about $250. Spending on shopping was down 16%, to about $102. Visitors spent an average of about $40 on shows, down 23%.

Advertisements

Leave a comment

Filed under entertainment, Las Vegas, news, travel, Uncategorized

Passage of Travel Promotion Act aims to spur growth into Las Vegas from international visitors

Las Vegas tourism officials believe the federal Travel Promotion Act legislation that was signed into law last week will lead to a marked growth in international visitors, one of the gaming industry’s few positive market segments in the challenging economic climate. 

Under the legislation, signed into law by President Barack Obama, a program will be created that will allow the United States to advertise the country as a destination for international travelers. It creates a public-private partnership for travel promotion that is partly funded by a $10 fee paid by international travelers. 

The idea for the Travel Promotion Act originated from the 1995 White House Conference on Tourism. It was revived after the economic downturn saw the United States lose some 68 million international visitors, which accounted for losses of $509 million in consumer spending, $32 million in tax revenue and 441,000 jobs, according to a study done by Oxford Economics. 

The same study found the act could potentially draw 1.6 million new international visitors to the United States, which would generate $4 billion in new spending.

Las Vegas tourism officials hope to capture some of those visitors and market separately to potential international visitors as well. 

The convention authority estimated the act would increase international visitation to 20 percent of Las Vegas’ total market share. In addition, while Oxford believes the act will be responsible for creating 40,000 tourism jobs nationally, the convention authority estimated an increase in international visitation could create another 12,000 jobs in Southern Nevada.

Leave a comment

Filed under Las Vegas, news, travel, Uncategorized

NASCAR in Las Vegas Will Exceed Super Bowl Fan Draw

The many NASCAR driver meet-and-greet events and deafening varooms befitting plenty of exciting dirt track racing action all started yesterday in Las Vegas.  By the time the marquee Sprint Cup Shelby American on Sunday is over, an estimated 300,000 people will have experienced the roar of racing in their ears and smell of gasoline enticing their nostrils.   That’s four times the attendance at the Super Bowl, according to Chris Powell, president of the Las Vegas Motor Speedway. 

For the Sprint Cup race alone – the biggest event of the weekend – in 2009 about 140,000 spectators saw the race.  That’s down from about 152,000 in 2008 and the record attendance of 156,000 in 2007. 

Regardless of the ending attendance figure this year, the significant question is if those people can translate into record spending.  Most Las Vegans are hoping and praying it does, giving their languishing economy a much needed economic bump. 

Out-of-towners hold the key trump card to this weekend’s economic prosperity, comprising 70 percent of the race crowd invading Las Vegas. 

Attempting to lure more tourists to the track than prior years, race ticket prices at the Las Vegas Motor Speedway have been greatly reduced this year. With more people attending, hopefully, that will translate into more ancilliary spending on goods and services. 

Las Vegas hotels will undoubtedly be the major economic beneficiaries. The recessionary price levels of hotel rooms that have plagued Las Vegas for the past year have virtually disappeared, albeit temporarily. The Riviera, mirroring what most Las Vegas hotels are doing, is jacking their weekend’s room rates to a whopping $224 per night.  But next weekend the Riviera will zoom back down to their customary $79 level. 

Budget hotel are also raising their rates, as well the higher priced Strip hotels, such as Harrah’s that is sold out all weekend, and Wynn Las Vegas and the Hard Rock Hotel, both sold out on Saturday. 

VEGAS.com reports their Web site’s hotel room sales are up 30 percent. 

Rolling up the total revenue picture, excluding gambling revenue, the associated revenues from last year’s NASCAR weekend raked in $107 million, according to the Las Vegas convention and Visitors Authority. 

But that doesn’t come close to 2008 revenue, when the haul was $134 million. Most don’t think this year will equal that level. However, should the heavy rain that is anticipated to blanket Las Vegas intermittently on Saturday postpone Saturday’s Sam’s Town 300 race and cause the race to move to Monday, that might be just the silver lining needed to help close the revenue gap, keeping race fans in Las Vegas and extra day or two, perhaps aided in no small part by the dangling carrot of being able to see heartthrob racer Danica Patrick strut her stuff. 

Will this year’s racing events add up to yielding the top revenue producing weekend in Las Vegas?

Leave a comment

Filed under entertainment, food, news, sports, travel, Uncategorized

Fly into Las Vegas, Buy Booze while at Luggage Carousel

Buying booze at an airport luggage carousel will soon join the “only in Vegas” list.

Clark County commissioners are actively looking for a vendor to run a liquor store at McCarran International Airport’s baggage claim areas.

McCarran will be the only airport in the U.S. where highly spirited travelers could shop for euphoric fueling spirits as they await their bags to come down the turnstile. 

Randall Walker, the airport’s aviation director, estimates that the store would bring in $400,000 to $600,000 a year.  Definitely not chump change in a stale economy.   Equally important, the innovative approach would help the county help curb the fees on airline, which, in turn, would give airline carriers less reason to cut flights into the Entertainment Capital of the World. 

It’s wasn’t a slam-dunk decision, though.  Clark County Commissioner Steve Sisolak resisted the idea and asked that the board put off action for at least a month so that businesses, travelers, the taxicab authority and others can weigh in.  But his colleagues rejected the feeble plea, so he finally gave in and joined the pack in approving the booze store.

Leave a comment

Filed under Las Vegas, news, travel, Uncategorized

Welcome to Sin City, Mr. President!

With an unprecedented 30-mile radius air traffic prohibition in place (usually it’s half that) during his trip to Las Vegas, costing commercial air tour travel operators thousands of dollars of lost revenue, President Barack Obama remains undaunted, planning to land his Air Force One gas guzzling hog later tonight, marking his second presidential visit to Sin City– you know, the little hideaway berg that encourages corporations to blow their government bailout funds or simply have students waste their college savings on gambling forays. 

Despite having such a notorious moniker, Las Vegas tourism officials have weathered the multiple gaffes and predict a million more visitors in 2010.  Thank you, Mr. President. 

He’ll probably need to bring a strong suit of armor and sharp swords when he speaks Friday for select invitees at the Las Vegas Convention and Visitors Authority, where his prior barbs were specifically aimed.

His olive branch offering, if you will, will be his quest to seek congressional approval of the Travel Promotions Act- an overseas $4 billion promotion program that could bring more moneyed foreign tourists to Las Vegas.   Morevover, the bill promises it could bring 40,000 new American jobs and $320 million in new federal tax revenue, according to the U.S. Travel Association. 

If that doesn’t stick when the Prez throws it against the wall, his backup plan (or an add-on, depending on crowd rancor) could be to announce the Department of Transportation’s $30 million project for a new Sahara Avenue – one of the most traveled byways in Las Vegas – bus project as part of the multibillion stimulus package. 

But outspoken ex-mob lawyer turned Las Vegas Mayor Oscar Goodman will not being rolling the red carpet out.   Goodman remains upset at President Obama. Goodman said he needs to be true to his conscience and, therefore, won’t accept invitations to greet the president of attend any town hall meeting unless he personally gets “some kind of retraction.”  

If you like to be part of this surely politically entertaining event, you can line up for tickets now at Green Valley High School in Henderson for Friday’s 10 a.m. town hall meeting. 

Mr. President, please be sure to enjoy yourself when you’re in the home of sin.  It’s a devilishly fun town.

Leave a comment

Filed under entertainment, Las Vegas, news, travel, Uncategorized

China Comes to U.S. Rescue of Maglev Train from Los Angeles to Las Vegas

Long discussed and hotly debated for years, it appears if the magnetic levitation train (called ‘Maglev’) ferrying passengers (and tourists!) from Los Angeles to Las Vegas is really to get started in earnest, it will take Chinese funding- lots of it. 

China announced last week that it is willing to loan $7  billion to build the project. 

All that is needed for the loan to go though is a promise of support from the U.S. government. 

Maglev officials said the Export-Import Bank of China is willing to lend the money with the knowledge that if the California-Nevada Super Speed Train Commission is unable to pay the funds back, federal officials will. 

What’s a little petty cash transaction between friends?

{Also, a prior article is available on the high speed Maglev train issue by Las Vegas Backstage Access.}

Leave a comment

Filed under Las Vegas, news, travel, Uncategorized

Go to Las Vegas- and Go Broke?

A careless remark by President Barack Obama about Las Vegas has triggered a furious backlash from Nevada’s cash-strapped gambling mecca and a key Democratic ally fighting a tough re-election battle in the state. 

Speaking about the economy yesterday at an event in Nashua, New Hampshire, Mr. Obama told Americans: “When times are tough, you tighten your belts. You don’t go buying a boat when you can barely pay your mortgage. You don’t blow a bunch of cash on Vegas when you’re trying to save for college. You prioritize. You make tough choices.” 

The economy of Las Vegas, the world’s most famous gambling and entertainment destination, is heavily dependent on tourism and Las Vegans were already incensed by a crack from Mr. Obama a year ago that companies should not use federal bail out money for trips to the city.   The city is still reeling from that comment, trying to keep bookings and revenues up on conventions and other events. 

Mr. Obama’s latest remark about Las Vegas prompted a swift and angry retort from Harry Reid, the Senate Majority Leader, who is fighting an extremely uphill battle to win re-election in Nevada, which has one of the highest unemployment rates in the U.S. – a whopping 13 per cent.

Mr. Obama hurriedly dispatched a letter to Mr. Reid. “I hope you know that during my Town Hall today, I wasn’t saying anything negative about Las Vegas,” he wrote. 

Oscar Goodman, the Mayor of Las Vegas and an independent, also got into the fray, raising his voice and describing President Obama as “a real slow learner” who has a “psychological hang-up” about Las Vegas. 

Mr. Goodman added that this time an apology from Mr. Obama wouldn’t be enough. “I’ll do everything I can to give him the boot.” 

Last year, Mr. Obama apologized for his prior gaffe and during a visit to Nellis Air Force Base outside Las Vegas said that it was good to get out of Washington and “there’s nothing like a quick trip to Vegas in the middle of the week.” 

Repercussions surrounding the current incident are not nearly over.  In a couple of weeks, Mr. Obama is planning another visit to Las Vegas, which surely will cause sparks to fly anew.

Leave a comment

Filed under Las Vegas, news, Uncategorized