We just finished a relatively slow news week in Las Vegas, except for news about WSOP moving to the Vegas Strip. News tends to slow down in Las Vegas after the final earnings reports heading into the holidays. Day-to-day marketing mostly evolves around holiday events and sales. Side note – check your favorite property for current deals. There are plenty available.
It is pretty fair to say that Vegas Visitation is jumping. It’s been a while since there’s been a supply and demand problem for visitors in Las Vegas, but here we are. According to the Las Vegas Convention and Visitors Association Executive Summary, visitation in February was up almost 19% from January. That should increase even more when March figures are released.
Let’s start the weekly Vegas News roundup with a short story about a big deal. This week Las Vegas Sands (LVS) sold all of its properties (aka “Venetian Sold”) in Sin City. The company is now just “Sands” since it has no more businesses in Las Vegas. The deal happened early in the week so I’m not going to get too deep.