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Old 03-06-2009, 01:24 PM
 
Location: Here and there, you decide.
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SF costs ALOT more.. so they didn't save anything.. as a matter of fact, with the cancellation penalties, they probably spent more
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Old 03-06-2009, 02:35 PM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,548,281 times
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Quote:
Originally Posted by airics View Post
SF costs ALOT more.. so they didn't save anything.. as a matter of fact, with the cancellation penalties, they probably spent more
Understood...that's why in post #8 I stated that bailed-out corporations should not be holding these type of meetings in LV...or anywhere else.

The main problem is this...you have a president and Congress who is trying to sell a massive bailout package to the general public, that will be paid for by this (and future generations). While trips to Las Vegas would certainly help your local economy, it would do nothing for the rest of the country, who is being asked to provide bail-out money to these failing corporations.

The perception of Las Vegas is one that is more condusive to partying, rather than conducting serious business. Nothing we can do about that perception...and nothing LV wants us to do about that perception. So when it then feels like the average taxpayer will be paying for failed companies to party in LV...this is a huge Public Relations problem that Obama and Congress must deal with.

I understand Las Vegans being upset about Obama mentioning their city (and possibly affecting their local economy)...but there truly is a much bigger picture here...it's all about taxpayer money, LV's perception as a wild party town, and top US government officials trying to stave off an economic disaster of huge proportions.

Would you feel any different if GM decided to hold a winter company meeting in Miami? I would be just as pissed about that.
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Old 03-06-2009, 05:20 PM
 
2,502 posts, read 7,884,343 times
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It's flawed logic to assume that these trips to Vegas are just for fun. They are fun, but for a reason - fun draws in new business. The more enjoyment you provide for your potential investors, the more likely they are to invest. It's a simple business strategy.

Do you know how much new business a company can generate out of just one day at a Vegas convention? A lot. The companies spend money to hold conventions, but then as a result of luring so many new people in, they make even more money back.

It's an actual business strategy. Companies don't just come out here for the heck of it.
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Old 03-07-2009, 01:29 AM
 
Location: Las Vegas, Nevada
12,686 posts, read 30,969,141 times
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Quote:
Originally Posted by radraja View Post
It's flawed logic to assume that these trips to Vegas are just for fun. They are fun, but for a reason - fun draws in new business. The more enjoyment you provide for your potential investors, the more likely they are to invest. It's a simple business strategy.

Do you know how much new business a company can generate out of just one day at a Vegas convention? A lot. The companies spend money to hold conventions, but then as a result of luring so many new people in, they make even more money back.

It's an actual business strategy. Companies don't just come out here for the heck of it.
Good points Radraja. People that don't understand nationwide or global business, or any business for that matter, can't see that. They relate the name of Las Vegas to just having fun and wasting money. It's just plain ignorance. That's the attitude that Obama played into when he made his stupid remarks. And don't tell me he didn't mean what was reported. He knew exactly what he was doing. And Hussein isn't the only liberal that is spouting those hate mongering ideas. The truth is that there are, or at least were before Osama Obama's remarks, nearly 4,000 convention and trade shows per year in Las Vegas because it is such a bargain for big companies to come here. Those get togethers are a necessary and productive way to conduct business with thousands of people all together in one location that have the same business interests. It is also a cheap way to send your people to a place where they can be together for training, presenting new business ideas, and just plain firing them up, which are all important in business. One other thing that these "experts" on Las Vegas that don't even live here also don't have a clue about is that about half of the hotels don't like conventions simply because most conventioneers don't gamble, and it has been a big object of contention for about 40 years. They do however seem to like strip shows which they can also get at any Podunk in America.
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Old 03-07-2009, 10:39 AM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,548,281 times
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Please....Wells Fargo and other bailed-out companies are not holding coventions in LV to drum up new business. Las Vegans...try as hard as you may to spin this in a positive way...and the number of Las Vegas residents will be outnumbered by the rest of the US population. Obama's remarks were clearly intended for corporations asking for bail-outs...not your normal self-sustaining companies who can afford valid business in LV...or anywhere else exotic.

Maybe GM can hold a convention in Las Vegas to drum up new business???...yeah, right. And, let's ask all US taxpayers to pay for it.

It just ain't gonna fly, no matter what spin you put on it...plain and simple.
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Old 03-07-2009, 11:34 AM
 
2,502 posts, read 7,884,343 times
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But are these conventions really a waste of bail-out money if the companies can earn all the money they spent back and then some? The whole point of the bail-out is to get these companies back on their feet. If a convention is how they plan on attracting new business, then so be it.

I don't agree with the bailout. But since they've already gotten the money, I think they should have some freedom to formulate their own plan of how to use it. Conventions work, so why not?
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Old 03-07-2009, 12:11 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,484,948 times
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Quote:
Originally Posted by jfkIII View Post
Please....Wells Fargo and other bailed-out companies are not holding coventions in LV to drum up new business. Las Vegans...try as hard as you may to spin this in a positive way...and the number of Las Vegas residents will be outnumbered by the rest of the US population. Obama's remarks were clearly intended for corporations asking for bail-outs...not your normal self-sustaining companies who can afford valid business in LV...or anywhere else exotic.

Maybe GM can hold a convention in Las Vegas to drum up new business???...yeah, right. And, let's ask all US taxpayers to pay for it.

It just ain't gonna fly, no matter what spin you put on it...plain and simple.

Sorry - I use to do some of that decision making when I worked in the real world.

In general Vegas can be a cheap destination for training and such. It simply has better facilities that are approached only by the NY and Chicago. And it is vastly cheaper to hold such events in Vegas. NYC is the hosing capital of the world.

People are more willing to attend conventions and meetings in LV than anywhere else. And staging and housing is generally less than the other rational alternatives. So the promoter gets more people and lower costs.

LV makes good sense on a lot of scales. Even if you can have fun there too.
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Old 03-08-2009, 09:41 PM
 
13,710 posts, read 22,826,319 times
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Quote:
Originally Posted by olecapt View Post
In general Vegas can be a cheap destination for training and such. It simply has better facilities that are approached only by the NY and Chicago. And it is vastly cheaper to hold such events in Vegas. NYC is the hosing capital of the world.

People are more willing to attend conventions and meetings in LV than anywhere else. And staging and housing is generally less than the other rational alternatives. So the promoter gets more people and lower costs.
And most meeting planners realize that holding a meeting in Las Vegas will seriously outdraw most other locations.
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Old 03-09-2009, 01:40 AM
 
Location: Las Vegas, Nevada
12,686 posts, read 30,969,141 times
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These people still can't get the image they have worked up of Las Vegas as a "BAD" place out of their heads, whatever that is, and Hussein played on that ignorance. All of the above points from saner people are valid. Las Vegas is simply the best place to hold a convention, and conventions have a legitimate business purpose. Besides Las Vegas, I've been to large conventions in NYC, Chicago, Detroit, New Orleans, San Francisco, LA, and Houston, (and even little old Clarksburg, WV) and the others (except Clarksburg) are all more expensive, and don't hold a candle to Las Vegas in amenities, not to mention the weather. Except New Orleans is also a fun place if you don't wonder into the wrong area and get killed. NYC was freezing a**ed cold and we were constantly accosted by hookers at every exit of the hotels. Detroit is a slum and you are always in fear for your life. Chicago is OK but there's nothing to do, and San Francisco is a freak show, although it can be entertaining to watch the freaks, and they do have good sea food there.

But the real point is, if you run a national or multi-national corporation, you simply have to have a location where you can bring everyone in for whatever business reason. Most companies, even Wells Fargo, frowns on spending company money on having a good time at these things. When not doing convention business people are usually free to spend their own money however they want, but in my experience, after an entire day on a convention floor, all most people want to do is have dinner and go to bed. And evening meals are more often than not working dinners.

You people who don't have a clue about conventions should be aware that the more ignorant remarks you make about it the more foolish you sound.
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Old 03-09-2009, 02:04 AM
 
515 posts, read 1,020,254 times
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Originally Posted by Buzz123 View Post
...Hussein played on that ignorance.

You ... should be aware that the more ignorant remarks you make about it the more foolish you sound.
Lolz! You said Hussein! Now we are convinced!
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