{"id":46896,"date":"2017-03-15T18:00:44","date_gmt":"2017-03-16T01:00:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=46896"},"modified":"2017-03-15T16:43:15","modified_gmt":"2017-03-15T23:43:15","slug":"las-vegas-tourism-numbers-continue-to-smash-records","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/","title":{"rendered":"Las Vegas Tourism Numbers Continue to Smash Records, Non-Gaming Attractions Hold Their Own"},"content":{"rendered":"

Tourists are flocking to the city of Las Vegas, and the Southern Nevada gambling metropolis hold on the global gaming market continues to grow substantially year after year. Not only are the people coming in bigger numbers than ever before, they\u2019re spending more in shops, restaurants, and nightclubs<\/a>, sometimes surpassing even gaming revenues.<\/p>\n

\"Las
No longer just about the inside of a casino, Vegas made bank in 2016 with swarms of tourists to day pools, nightclubs, and high-end shops and restaurants. (Image: Bachelor Vegas)<\/figcaption><\/figure>\n

A report by economic analyst Jeremy Aguero, presented to the Las Vegas Convention and Visitors Authority (LVCVA) this week, revealed some 42.9 million people visited Southern Nevada last year, 16.3 percent more than in 2015, which was itself a record-breaking year. Collectively, they spent $30.5 billion, an average of $827 per head, up from $721 the previous year.<\/p>\n

Convention attendance was also up, by 7.1 percent, from 2015. Conventioneers now comprise 14.7 percent of all visitors to Southern Nevada.<\/p>\n

Aguero\u2019s report was designed to highlight the benefit of increased tourism to the local economy. It found that visitor spending is equal to about a third of Southern Nevada\u2019s gross product, while, both directly and indirectly, tourism supplied $59.6 billion, or 57.7 percent, of Southern Nevada\u2019s gross product.<\/p>\n

Lack of Diversity<\/b><\/h2>\n

The report found that almost half of all people employed in Southern Nevada had jobs because of tourism, some 407,000 people, or 44.2 percent of the working population. Meanwhile, one in four people in the region are directly employed in the tourism industry.<\/p>\n

In all, gross economic output, or value added to the economy by tourism, is about $103 billion dollars per year.<\/p>\n

“This is, of course, a wonderful thing for us,” Aguero said, of the tourism boom.\u00a0“It means more heads in beds, more spending, more jobs, more economic output. Forty cents out of every dollar paid to an employee in southern Nevada is directly or indirectly a result of our tourism industry,” he added.<\/p>\n

Is there a downside? Well, if there is, it lies in the fact that there isn\u2019t a great deal to the Vegas economy outside tourism.\u00a0 \u00a0<\/span><\/p>\n

\n

“The unfortunate thing is that I have to report to you that we have not made as much progress in terms of economic development and diversification,” said Aguero.\u00a0“It remains the least diversified economy of our size in the United States. <\/strong><\/p>\n<\/blockquote>\n

And that\u2019s not because businesses are not moving here. In reality, the tourism industry continues to expand at such a clip, that it\u2019s hard for other industries to compete.\u201d<\/p>\n

Economic Comeback<\/b><\/h2>\n

However, Faraday\u2019s electric car manufacturing plant, currently under construction at the Apex Industrial Plant, hopes to start building cars as early this year, and expects to hire 4,500 locals. Could this be the beginning of a new trend in job creation beyond the tourism industry?<\/p>\n

\n

The tourism boom has been driven by an explosion of non-gaming amenities and attractions in recent years, such the creation of MGM\u2019s T-Mobile Arena<\/a>, which opened last year. Meanwhile, the prospect of the Oakland Raiders relocating to Vegas and the creation of another new stadium should provide a further boost to visitation numbers.\u00a0 \u00a0<\/span><\/p>\n<\/div>\n

Nevada lost about 186,000 jobs during the recession when the unemployment rate hit 13.7 percent at its worst. The current rate is 5.7 percent, a figure that\u2019s considered \u201chealthy\u201d for an economy, according to the Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tourists are flocking to the city of Las Vegas, and the Southern Nevada gambling metropolis hold on the global gaming market continues to grow substantially year after year. Not only are the people coming in bigger numbers than ever before, they\u2019re spending more in shops, restaurants, and nightclubs, sometimes surpassing even gaming revenues. A report […]<\/p>\n","protected":false},"author":42,"featured_media":46907,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Tourism Numbers Continue to Smash Records<\/title>\n<meta name=\"description\" content=\"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Tourism Numbers Continue to Smash Records\" \/>\n<meta property=\"og:description\" content=\"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-16T01:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-15T23:43:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"618\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/\",\"name\":\"Las Vegas Tourism Numbers Continue to Smash Records\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg\",\"datePublished\":\"2017-03-16T01:00:44+00:00\",\"dateModified\":\"2017-03-15T23:43:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg\",\"width\":900,\"height\":618,\"caption\":\"No longer just about the inside of a casino, Vegas made bank in 2016 with swarms of tourists to day pools, nightclubs, and high-end shops and restaurants. (Image: Bachelor Vegas)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Las Vegas Tourism Numbers Continue to Smash Records, Non-Gaming Attractions Hold Their Own\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Las Vegas Tourism Numbers Continue to Smash Records","description":"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Las Vegas Tourism Numbers Continue to Smash Records","og_description":"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.","og_url":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2017-03-16T01:00:44+00:00","article_modified_time":"2017-03-15T23:43:15+00:00","og_image":[{"width":900,"height":618,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg","type":"image\/jpeg"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/","url":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/","name":"Las Vegas Tourism Numbers Continue to Smash Records","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg","datePublished":"2017-03-16T01:00:44+00:00","dateModified":"2017-03-15T23:43:15+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Southern Nevada economy, including Las Vegas is in robust health despite lack of diversity, according to a new report by economist Jeremy Aguero.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/Las-Vegas-tourism-boom-2016.jpg","width":900,"height":618,"caption":"No longer just about the inside of a casino, Vegas made bank in 2016 with swarms of tourists to day pools, nightclubs, and high-end shops and restaurants. (Image: Bachelor Vegas)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/las-vegas-tourism-numbers-continue-to-smash-records\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Las Vegas Tourism Numbers Continue to Smash Records, Non-Gaming Attractions Hold Their Own"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/46896"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=46896"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/46896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/46907"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=46896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=46896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=46896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}