Las Vegas Losing Article

Las Vegas has continued to feel the pinch from the economic hard times in the United States. Despite various promotional offers by casino operators, visitor volume fell 3.7 percent in August, the 15th straight month the number of tourists coming into the region has decreased. There has been a decline of 5.8% in visitors and room occupancy has dropped 6.9% from 2008 to 2009.

Convention business was also down in August. Attendance was down 58.9 percent with almost 300 fewer conventions held in Las Vegas during the month. For the year, convention attendance is off 30.2 percent. "USA Today reported Thursday that Las Vegas is losing convention business to cities deemed to be not as lavish or those that might raise concerns that companies are frivolously spending travel dollars. The convention authority said the economic climate and scheduling differences were the primary reasons convention attendance was down by more than 339,000 attendees." It looks like the recession is taking a much bigger toll on all economic areas of the United States, may we all hope we are finally going to see the light at the end of the tunnel.

Back to Articles 3