The COVID-19 pandemic marks the second time in a decade that Southern Nevada was among the hardest hit by a global economic crisis, though its recovery could be shorter this time.
Tourism
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When people have money to burn, Las Vegas heats up. But as seen twice now in the past decade or so, when the national economy gets hit hard, Southern Nevada ends up on life support.
The owners of Virgin Hotels Las Vegas are “carefully” looking at its scheduled fall opening after the coronavirus pandemic devastated the economy.
People gambled and hit the pools Saturday, and resorts seemed busier than on Day One, when foot traffic was relatively tame.
Las Vegas’ jobless rate was by far the highest among major American cities in April, new data shows, underscoring the coronavirus pandemic’s financial carnage in Southern Nevada.
Allegiant Air passenger volume nearly evaporated last month after the coronavirus pandemic started shutting down much of the economy in March, newly released figures show.
All told, hundreds of thousands of Nevadans work in industries now rocked by sweeping closures – and that doesn’t account for all the people in other sectors that feed off them.
Travel spending, including on transportation, hotels and attractions, is projected to fall by $355 billion this year, the group said.