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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Race fans who want to beat the Interstate 15 traffic to attend Sunday’s Pennzoil 400 NASCAR Cup Series race can fly in on a 15-minute helicopter flight.
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.
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.
The LVCVA board was asked to take down the temporary bridge on Flamingo Road and compensate small businesses hurt by Las Vegas Grand Prix road disruptions.
As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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.
The inaugural Formula One Las Vegas Grand Prix was successful for some of the big resorts and a good time for fans, which is why it will continue to run here.
As the Strip got back to its usual bumper-to-bumper traffic, resort executives said Formula One’s Las Vegas Grand Prix went better than they had hoped.