Archive for March 11th, 2010

Las Vegas Returns to Roots of Affordability

Thursday, March 11th, 2010

According to a just completed survey by travel website Hotels.com, Las Vegas now has the most popular and affordable hotel rooms in the entire country. This is great news for our Las Vegas real estate team as we work with out-of-town clients on a very regular basis. Veteran observers of this aggressively marketed city will not be surprised by our recently re-calibrated pricing structure. We have always known that the Las Vegas gaming industry will do whatever it takes to bring people to this city in large numbers. If incredibly tempting financial incentives for rooms, food, spas and air fares become a business necessity, then that is what you can expect to be put on the table. What has been the response to these killer prices? The Las Vegas Convention and Visitors Authority has just reported the fifth consecutive month of year-over-year increases in monthly visitation numbers. Hotels.com has also ranked Las Vegas as the nation’s top U.S. travel destination in the first half of 2009 and the second most popular destination for international travelers (behind New York City). I would say it’s working …