As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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Strip attractions are slowly returning to normal from the Formula One race with trees returning to the Bellagio and a promise that gondoliers will be back in front of The Venetian by early December.
The last time a large interestingly shaped building took center stage in Las Vegas was nearly 30 years ago when the pyramid-shaped Luxor was under construction.
There was a noticeable rise in midweek hotel occupancy in June, thanks to convention attendance, but levels still haven’t reached where it was before COVID-19 struck.
The Dallas-based airline, the busiest at Harry Reid International Airport, is expected to hire 10,000 employees net of attrition, grow its fleet and reduce capacity.
Occupancy rates at Las Vegas resorts are rising to nearly normal levels while the average daily room rate has soared past last year’s rates and those from 2019.
Southwest Airlines, the busiest commercial carrier at McCarran International Airport, reported a fourth-quarter loss and its first annual loss since its founding year.
After the Circa casino opened its doors Oct. 28, the property received special permission from regulators to open the hotel separately and that began Saturday.
The marketing genius behind Circa seemed to pull all the right levers at the right time and now Las Vegas has a new downtown resort to pick through historic Easter eggs.
It’s a trend unlikely to reverse itself until casinos get back to full capacity and midweek visits with conventions and trade shows return.
The economic recovery from the pandemic will look a lot different than recoveries from other financial calamities, including 9/11 and 1 October.
The opening of the Downtown Grand tower and the Expo at World Market Center in the summer and Circa at the end of the year should keep downtown Las Vegas soaring.