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Old 03-16-2009, 08:55 AM
 
Location: Las Vegas (Huntridge)
1,158 posts, read 3,055,582 times
Reputation: 269

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Quote:
Originally Posted by tony soprano View Post
FWIW, here are the January '09 numbers which are the most recent I've been able to find.

Visitor Volume -11.9%
Room Inventory 5.8%
Citywide Occupancy -13.0%
Hotel Occupancy -13.0%
Motel Occupancy -16.6%
Weekend Occupancy -3.2%
Midweek Occupancy -18.1%
Average Daily Room Rate (ADR) -19.9%
Total Room Nights Occupied -11.0%
Convention Attendance -20.6%
Conventions & Meetings Held -19.5%
Total En/Deplaned Passengers -15.7%

Average Daily Auto Traffic:
All Major Highways -0.7%
1-15 at NV/CA Border 2.6%

Gaming Revenue:
Clark County -16.3%
Las Vegas Strip -14.8%
Downtown -22.7%
Boulder Strip -23.0%
thx for putting these up....2 questions, though:

where did you get them?

what is "normal" for that time period? (might be answered by the response to the previous question)

wait...3 questions: are those dashes separating category and value or are they minus signs indicating down by x%?
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Old 03-16-2009, 09:13 AM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,557,472 times
Reputation: 7615
The dashes have to be negative signs, as all categories (excluding traffic) are reflective of current news.
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Old 03-16-2009, 10:40 AM
 
Location: Las Vegas (Huntridge)
1,158 posts, read 3,055,582 times
Reputation: 269
yeah...i kinda figured they were minus signs. still curious as to what numbers they are reflective of a decrease in (direct comparison of jan '08, january in general, a general monthly average, etc.).
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Old 03-16-2009, 10:42 AM
 
Location: Las Vegas
3,728 posts, read 8,215,352 times
Reputation: 1311
Quote:
Originally Posted by guinnessjim View Post
thx for putting these up....2 questions, though:

where did you get them?

what is "normal" for that time period? (might be answered by the response to the previous question)

wait...3 questions: are those dashes separating category and value or are they minus signs indicating down by x%?
Here's the latest stats (January 2009) from the LVCVA and probably where the poster got his numbers from:

http://www.lvcva.com/getfile/ES-Jan2009.pdf?fileID=37 (broken link)

While visitor attendance is down and the economy is so gloomy for some, I still find that the 2,765,916 visitor count for January 2009 to be amazing!

Wonder what February's figures will be...
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Old 03-16-2009, 10:45 AM
 
Location: Las Vegas (Huntridge)
1,158 posts, read 3,055,582 times
Reputation: 269
thx mom...just what i wanted to see
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Old 03-16-2009, 12:03 PM
 
1,347 posts, read 2,112,400 times
Reputation: 483
Quote:
Originally Posted by MomMom View Post
Here's the latest stats (January 2009) from the LVCVA and probably where the poster got his numbers from:
Yep. Sorry for the delayed response GJ. I was away from my PC.
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Old 03-16-2009, 02:50 PM
 
12 posts, read 18,696 times
Reputation: 21
Call me too optimistic, but I just don't buy the dip recession argument let alone depression. Fact is we have been here before. Yes, derivatives/c.default-swaps complicated matters more than we would have liked, but not to the point of being unsolvable. It will take time but wer gonna get there. We are currently in a retracing mode in the cycle (as it should be) after years of sound economic growth. Once we hit bottom, will base for a while before uptrending again. Fed Chair Bernanke in 60 minutes last night projected recession to end this year which suggests growth resumes in 2010.
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Old 03-16-2009, 03:01 PM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,557,472 times
Reputation: 7615
Yeah...Bernanke also recommended that the government grant $780B of TARP money for "responsible practices" to be used to bail out banks so they would start credit flowing again (and for AIG muckity-mucks to get big bonuses, I guess.)

Last edited by jfkIII; 03-16-2009 at 03:31 PM..
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Old 03-16-2009, 03:09 PM
 
12 posts, read 18,696 times
Reputation: 21
jfk...from taxpayers' pockets to theirs...I agree with you they have a good gig going no question about it. I read today Citigroup's Vikram Pandit SEC statement on his bonuses for 2008. The guy is getting $10+ million in bonuses for basically devaluing the company's stock to near pink sheet status and receiving more billions in bailout money. Amazing.. how about AIG's $450 million in bonuses for its derivative traders, same unit that brought insurer to brink of collapse in september. It's ridiculous.

Last edited by software1; 03-16-2009 at 03:19 PM..
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Old 03-16-2009, 03:34 PM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,557,472 times
Reputation: 7615
I think it's time for both AIG and Citigroup to have "meetings" in Las Vegas!
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