The Las Vegas Convention and Visitors Authority will spend more on advertising and less on construction in the next fiscal year as visitation is expected to be off.
LVCVA
The board of directors is anticipating a dip in hotel room tax revenue and plans to increase how much it will spend in advertising to attract domestic travelers.
WWE bursts into Las Vegas this week to host a bevy of professional wrestling action, topped off with the promotion’s Super Bowl, WrestleMania.
When the LVCVA board of directors reviews next year’s budget next month, it’s expecting there may be less money to spend.
The LVCVA’s report also said visitors are spending half the amount of time gambling than they did 30 years ago.
The 2024 closures of The Mirage and Tropicana will make other resorts fuller, but the LVCVA doesn’t expect as many people to be in town as last year.
The Las Vegas Convention and Visitors Authority said most tourism indicators were up slightly in 2024 from the previous year.
The LVCVA’s aviation consultant says the record-setting air service at Harry Reid International Airport will continue to expand in the first four months of 2025.
Las Vegas tourism officials approved a measure paving the way for the city to host a future College Football Playoff National Championship game.
Las Vegas could move a step closer to hosting a future College Football Championship game.
While visitation was up slightly and the city is on track for more visits this year than in 2023, other key tourism indicators fell from Formula One-boosted records.
Two international soccer matches will be played at the 65,000-seat Allegiant Stadium next summer, according to an agreement approved by the LVCVA on Tuesday.
At a topping-off ceremony, construction crews hoisted the last large iron beam into place at the highest point of the $600 million project.
The Las Vegas Convention and Visitors Authority is looking to purchase $1.7 million in 2024 Formula One Las Vegas Grand Prix tickets, to be given out to customers of the valley’s tourism arm.
The 18-month deal is valued at $12 million and runs through 2025, according to the LVCVA. The partnership covers 15 races over two Formula One seasons.