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Old 12-13-2010, 01:53 PM
 
6,375 posts, read 11,832,909 times
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From a leading Wall St Analyst:
According to our calculations and data released by the Las Vegas Convention and Visitors Authority (LVCVA), the convention calendar for events with over 1,000 attendees during the 1Q11 looks significantly stronger y-o-y, with 839,175 attendees at 62 events in 1Q11, increases of 53% and 77% versus 549,850 attendees at 35 events in 1Q10, respectively.


Nothing will drive recovery better than getting conventions going at a robust pace again. Good for hotel rates, good for driving additional seat capacity from the airlines and good for creating jobs.
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Old 12-13-2010, 04:33 PM
 
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That's something to be excited about. Vegas is on the rebound.
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Old 12-13-2010, 05:57 PM
 
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That's great news but I'd like to see a confirmation on those numbers. The only sources I can find citing those figures are a blog and a tweet from Robin Leach . I would think if the numbers were accurate the local media would be shouting from the rooftops. I can't even find a mention of it on the LVCVA website.
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Old 12-13-2010, 09:27 PM
 
Location: Here and there, you decide.
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Old 12-14-2010, 12:14 AM
 
6,375 posts, read 11,832,909 times
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Quote:
Originally Posted by tony soprano View Post
That's great news but I'd like to see a confirmation on those numbers. The only sources I can find citing those figures are a blog and a tweet from Robin Leach . I would think if the numbers were accurate the local media would be shouting from the rooftops. I can't even find a mention of it on the LVCVA website.
To get the numbers on the LVCVA site you have to do a search of the upcoming calendar and count the conference and attendees and then compare it to last year. Not sure if they have the historical conventions, but the analysts are always looking at this so they have it on file.

The local media rarely get Wall Street research and I know for a fact this particular analyst doesn't send his stuff to the reporters at the RJ or Sun either. If this guy says it I believe it, he's very critical of Vegas when he needs to be and in the report even mentioned he thinks most investors are sort of expecting this kind of bounce in numbers and they are already cooked into stock prices. The key will be if there are equally good gains in the other quarters of the year and its too early to get concrete figures yet although all the CEOs are saying the numbers will definitely be up based on their internal bookings.
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Old 12-14-2010, 04:15 AM
 
848 posts, read 1,720,894 times
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Here's another good news that I will appreciate once it commence business in the Spring of 2011. As I have said in the past, this side of the valley is lacking in dining establishments but that will soon change starting next year.

Las Vegas Sun - Tivoli Village
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Old 12-14-2010, 09:30 AM
 
Location: North Las Vegas
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Here is some stats on what is happening in regards to Vegas's economy and gaming.

Southern Nevada economic indicators fall
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Old 12-14-2010, 10:10 AM
 
Location: Las Vegas
3,728 posts, read 9,454,160 times
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Quote:
Originally Posted by 007 license to sell View Post
Here is some stats on what is happening in regards to Vegas's economy and gaming.

Southern Nevada economic indicators fall
Interesting bit on the commercial real estate market. Thanks for posting this link 007..
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Old 12-14-2010, 12:38 PM
 
1,347 posts, read 2,443,635 times
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Quote:
Originally Posted by Willy702 View Post
To get the numbers on the LVCVA site you have to do a search of the upcoming calendar and count the conference and attendees and then compare it to last year. Not sure if they have the historical conventions, but the analysts are always looking at this so they have it on file.

The local media rarely get Wall Street research and I know for a fact this particular analyst doesn't send his stuff to the reporters at the RJ or Sun either. If this guy says it I believe it, he's very critical of Vegas when he needs to be and in the report even mentioned he thinks most investors are sort of expecting this kind of bounce in numbers and they are already cooked into stock prices. The key will be if there are equally good gains in the other quarters of the year and its too early to get concrete figures yet although all the CEOs are saying the numbers will definitely be up based on their internal bookings.
I wouldn't have expected the local media to get this info from a Wall St. analyst but rather from the LVCVA. Given LVCVA's mission of marketing Vegas as THE destination for both business and leisure I would think this is just the kind of news they'd want widely disseminated. It's certainly data they have at their disposal.
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Old 12-14-2010, 01:15 PM
 
6,375 posts, read 11,832,909 times
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Quote:
Originally Posted by tony soprano View Post
I wouldn't have expected the local media to get this info from a Wall St. analyst but rather from the LVCVA. Given LVCVA's mission of marketing Vegas as THE destination for both business and leisure I would think this is just the kind of news they'd want widely disseminated. It's certainly data they have at their disposal.
LVCVA largely avoids future statements or predictions. They are strictly a by-the-facts reporter except in rare cases. You'll hear about something like this in April, but probably not just conventioneers but a general rise in visitation.
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