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Las Vegas Economy On the Rise?
By Stephen Roberts | April 6, 2010
According to recent statistics released by the Las Vegas Convention and Visitors Authority, visitation got off to a good start here in Las Vegas in 2010. The visitor volume in January of this year was 2.88 million people, that is a 4 percent increase over January 2009. There was also a 1.8 percent increase in the weekend occupancy rates here in Las Vegas in 2010, despite the fact that there was a 5.8 percent increase in the amount of rooms in the Las Vegas inventory. The average hotel room rate is down which is a good thing for consumers. The January 2010 room rate was down 4.9 percent from January 2009. The statistics also show that though visitors have been more willing to come to Las Vegas, they have been a little less willing to spend as much money gambling. Let’s hope that these numbers continue to rise and the Las Vegas economy can get back on its feet.
For all your real estate needs contact Steve Roberts at 702-739-4392.
Topics: Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update | No Comments »