Las Vegas can withstand a few bad business trends, just as it can withstand a few national economic headwinds. When both are occurring simultaneously, however, it portends bad things for our local economy.
So far this summer, Las Vegas area hotels have seen “one of the steepest year-over-year performance declines” of any American market, according to Travel Weekly. Passenger totals fell almost 3.7 percent through May at Harry Reid International Airport, and the slew of summer deals being promoted heavily by major resorts indicates things aren’t rapidly improving.
Those who are familiar with the industry rightly point out that “national headwinds” have played a considerable role in so many disappointing economic numbers from recent years…