After working in communications and media relations in Las Vegas for nearly 25 years, the exec takes a new role with Formula One’s Las Vegas Grand Prix.
Motor Sports
Tourist volumes have been on a steady climb since the pandemic and those visitors are spending more than they ever have.
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.
Formula One operators say the two-day sale at The Venetian is “a token of appreciation” for what local residents showed through last week’s four-day event.
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.
The “egregious” $3,000 landing fees have been trimmed, the Aircraft Owners and Pilots Association said.
The closure and reopening of several streets in the resort corridor was a test Wednesday morning. County officials say they’ll do better getting streets open on race days.
“It makes a bunch of sense,” LVCVA president and CEO Steve Hill said. “If you go out there now, traffic is better than it was before we built all this and that bridge is a big part of that.”