The tourism industry in Las Vegas has recovered all but 1.3 percent from the devastating fallout associated with recession, but what lies ahead for Sin City’s visitor growth for the next five years? This will depend who you ask.

Las Vegas tourism continues to flourish, but several factors could hamper future expansion, from terrorism to airline pilot shortages.

Several facets point toward slower growth, nevertheless the recovery from the 2008 Great Recession is almost complete.

That is based on UNLV’s Center for Business and Economic analysis director Stephen Miller, who said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a capacity that is limited in 2018, in accordance with a story in the nevada Review-Journal.

Those thoughts have been in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there think that indicators point toward an upsurge in site visitors, continuing a trend they will have seen for the last 3 years.

Tourism Records Broken

Visitor numbers in vegas have actually been spiking since 2015. Occupancy rates in hotels, in addition to average room that is daily, have actually additionally gone up into the previous two years, according to the LVCVA.

It has definitely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million site Read more