Tourist volumes have been on a steady climb since the pandemic and those visitors are spending more than they ever have.
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An executive at The Strat says the hotel took one for the team during the F1 Las Vegas Grand Prix, but is hoping to change that dynamic going forward.
Several Strip-area businesses want Formula One Grand Prix officials to address revenue losses that stem from months of race-related road work.
Analysts say Super Bowl may have had bigger impact, but the annual appearance of F1 during a slow time on the city’s calendar may be bigger in the long haul.
Sales tax revenue from November, the month of the Formula One Grand Prix, shows the special event’s impact on the local economy.
At the Vegas Chamber’s Preview Las Vegas event, economist Jeremy Aguero gave a breakdown on how much tourists spent during Las Vegas Grand Prix week.
Small businesses affected by Formula One traffic issues got a small victory with a bridge removal but may not see compensation for their financial losses.
As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
Secondary ticket marketplace StubHub ranks the top 5 events to take place in Vegas in 2023
Revenue records were shattered during November’s Formula One race. The live entertainment tax collection was between $30 million and $35 million, the LVCVA said.