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Strategy Briefing

City Travel Briefing – Las Vegas

40 pages, Aug 2015

US$525

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Las Vegas has begun to see a rebound in travel. A focus on high-spending international and business travellers, coupled with fresh entertainment options year round, is bringing visits to the city back to pre-crisis levels. The positive results seen in 2014 are set to continue through 2015 and the years to come.

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Overview

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Strong performance

A new wave of optimism hit Las Vegas as arrivals increased and spending reached new heights in 2014 and early 2015.

Gaming revenues

Gaming revenues are expected to remain low due to increased competition from other US destinations and the negative impact the Chinese crackdown on illegal gambling is having on Las Vegas.

More direct flights

Airlines are showing renewed confidence in Las Vegas by adding seats and boosting visits to the city.

International arrivals

Airport and tourism authorities are working hard to enhance international arrivals to Las Vegas in the short-to mid-term.

Domestic tourism

Domestic tourism to Las Vegas is seeing increased competition from other US destinations, as gambling is legalised.

MICE tourism

With one of the best conventions and meetings infrastructures in the US, MICE tourism will drive visits and spending over the forecast period.

Hotel pipeline development

A robust pipeline development that surged in 2014, and is expected to continue through to 2016, is again raising concerns of oversupply.

Bright future ahead

Although Las Vegas has not yet fully recovered from the economic crisis, it is certainly on the right track for a bright future performance.

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Introduction

Scope

Key findings

Key Facts

Macro view

Las Vegas Convention and Visitors Authority strategy

Foreign-born residents decline is a concern to tourism flows

Employment highly concentrated on tourism

SWOT – Las Vegas

Flows

Inbound arrivals

Visitors are younger and spending more

Tourism authorities target MICE tourism

Competition from US destinations rises as gambling is legalised

Gambling spillover from China to hit Las Vegas tourism?

Los Angeles remains top destination from Las Vegas

Future outlook for tourism flows

Lodging

Ancillary revenues guarantee survival

Supply still led by casino resort companies

Large hotels sustain revPAR growth

Pipeline development is back at full force

Nine new hotels in three years

Is oversupply a real concern?

Future outlook for lodging

Travel Modes

Getting to Las Vegas: Rail project derailed

Increased airline seats to Las Vegas

First direct low-cost flight from Europe to Las Vegas on the horizon

Growing passenger traffic at McCarran Airport

F uture outlook for travel modes

Activities

Gaming revenues remain below pre-crisis levels

More than just gambling

Nightlife and daylife

Las Vegas down to business

Sports events bring dynamism to Las Vegas tourism

F uture outlook for activities

Report Definitions

Data parameters and report definitions

Why buy this report?

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Megatrends

Strategy Briefing

City Travel Briefing – Las Vegas

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Strong performance

Gaming revenues

More direct flights

International arrivals

Domestic tourism

MICE tourism

Hotel pipeline development

Bright future ahead

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Key Facts

Macro view

Las Vegas Convention and Visitors Authority strategy

Foreign-born residents decline is a concern to tourism flows

Employment highly concentrated on tourism

SWOT – Las Vegas

Flows

Inbound arrivals

Visitors are younger and spending more

Tourism authorities target MICE tourism

Competition from US destinations rises as gambling is legalised

Gambling spillover from China to hit Las Vegas tourism?

Los Angeles remains top destination from Las Vegas

Future outlook for tourism flows

Lodging

Ancillary revenues guarantee survival

Supply still led by casino resort companies

Large hotels sustain revPAR growth

Pipeline development is back at full force

Nine new hotels in three years

Is oversupply a real concern?

Future outlook for lodging

Travel Modes

Getting to Las Vegas: Rail project derailed

Increased airline seats to Las Vegas

First direct low-cost flight from Europe to Las Vegas on the horizon

Growing passenger traffic at McCarran Airport

F uture outlook for travel modes

Activities

Gaming revenues remain below pre-crisis levels

More than just gambling

Nightlife and daylife

Las Vegas down to business

Sports events bring dynamism to Las Vegas tourism

F uture outlook for activities

Report Definitions

Data parameters and report definitions

Why buy this report?

Want to find out more about this report?

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