Title: Vegas in a bad economy
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Blog Entry: I write a regular quarterly column on the Rate Las Vegas board, breaking down the information from the ratings comments given by Vegas visitors. In my most recent review analysis (posted on June 19 th ) I included a lot of commentary about the current economy and the impact it is having (and will continue to have) on Las Vegas . I stated some things there that I’ve seen echoed since on some of the Forum discussions. Included among those comments echoing my own thoughts are: 1). Comps and game rules are going to begin devolving back to an older Vegas atmosphere. Tight comp rules will loosen up and game rules will liberalize (perhaps we’ll see a return to 3/2 blackjack?). 2). Struggling properties (like Circus) could well go out of business. 3). Non-strip properties could well see a decline in visitation as tourists compact towards the Strip to take advantage of that laughable “walking distance” concept (there’s a sad lack of appreciation in the scale of the place in that concept). 4). The Non-strip properties will be among the earlier places to begin tinkering with the comp and game rule parameters, in order to stay in the black. 5). Other costs, like rooms, meals, etc., will begin declining as properties begin ad campaigns to entice visitors. I’ve already seen a marked increase in the amount of direct mail, internet, and televised (broadcast and cable) advertising for Las Vegas . I only expect it to increase. There are other comments nestled into that analysis, but I’ll let you read them for yourself at http://www.ratelasvegas.com/hotels/analysis.html , if you’re interested. I’m just looking for comments from other people to see what other activity they think might go down as a result of the economic downturn, speculations about how long it might last, which hotels might go Tango Uniform before it’s done. Those are just some of the topics of discussion that could come out of this idea. Anyone interested should feel free to reply and get the ball rolling. Thanks
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