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Old 12-09-2010, 03:46 PM
 
Location: Las Vegas
3,728 posts, read 9,060,725 times
Reputation: 1319

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Not much of a gain, but positive nonetheless, and the other important numbers are up slightly as well-read on...let's hope we continue on the upward trend! Back to pre-boom levels? I don't think so, but moving in the right direction!

"Las Vegas visitor volume in October increased by 5.7 percent compared to a year earlier, according to numbers released today by the Las Vegas Convention and Visitors Authority."


Las Vegas records 5.7 percent increase in October visitors - Thursday, Dec. 9, 2010 | 1:52 p.m. - Las Vegas Sun


This was on the news as well

Nevada casino winnings up 11 percent in October

http://www.mynews3.com/story.php?id=33742&n=5037

Last edited by MomMom; 12-09-2010 at 04:06 PM..
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Old 12-09-2010, 04:03 PM
 
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5.7% is not much of a gain? Are you kidding, its huge. For all the naysayers out there things are getting much better and anyone who looks at it with neutral eyes can see LV is definitely picking up from where it was. Of course the naysayers always then point out what things were like in 2006 and 2007 and just crap on the parade.
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Old 12-09-2010, 06:11 PM
 
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"Citywide hotel occupancy increased from 82.6 percent in October 2009 to 84.9 percent in October 2010 despite an increase of 6,500 rooms in the past year. Citywide weekend occupancy was at 91.5 percent, the LVCVA said.

The average daily room rate increased 2.6 percent, from $99.59 last October to $102.19 in October 2010."


Occupancy, Supply, AND Room-Rates all up. That's pretty positive.

And yeah, to second Willy's comment, 5.7% is indeed a big move.
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Old 12-09-2010, 06:48 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 34,758,503 times
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I heard them say on the news that people are staying longer too.
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Old 12-09-2010, 07:56 PM
 
Location: Las Vegas
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Over 3 million visitors a month is still pretty impressive, considering the bad economy and all!
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Old 12-09-2010, 08:54 PM
 
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5.7% is a huge gain, and somewhat less emphasized, but perhaps more important, is that gambling take was up 11% (how many times in the past couple years did we hear "people are still coming to Vegas but aren't spending as much?"). Sounds like visitors are returning and spending more when they're here. Definitely good news.

Even without numbers or statistics, it's fairly apparent that things have picked up in Vegas significantly over the past 6 months or so. There are more cars on the road (especially the freeways) and restaurants and stores are more crowded. Real estate is still depressed, but I'm more bullish on the overall Vegas picture than I have been in quite some time.

Now we just need to hope it keeps up after the holidays!
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Old 12-09-2010, 11:45 PM
 
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The gaming stats were a bit misleading, Baccarat had its highest hold percentage ever. Kind of crazy but the Strip's gaming take is becoming beholden to Chinese gamblers playing one game. Just like Macau!

Still the underlying numbers weren't so bad, slot win and play levels were up close to 3% on the Strip and there appears to be some upward momentum. Airport finally is seeing increased traffic too. And those visitor numbers are just huge, that is not a stat that is subject to a lot of up or down momentum, except for big conventions changing calendars, but that did not happen. People are coming to Vegas because consumer confidence is rising and prices remain very low relatively speaking in LV.
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Old 12-10-2010, 12:13 AM
 
1,460 posts, read 2,681,556 times
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Vegas is going to come back bigger than ever!!!
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Old 12-10-2010, 05:45 AM
 
Location: Beautiful Upstate NY!
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5.7% is good. I wish I had gotten that kind of return on my savings in the past year.
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Old 12-10-2010, 08:17 AM
 
Location: North Las Vegas
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Finally, some good news for Vegas!!

Report: Local economy gets sunnier
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