DOCSLIB.ORG

A Whole New Level of Wow! Planners Are ‘Pushing the Envelope’ for Memorable Experiences PAGE 30

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A Whole New Level of Wow! Planners Are ‘Pushing the Envelope’ for Memorable Experiences PAGE 30 Sixth Annual All-Inclusive Negotiating Ground Working With Hosts Global Forum Resorts Hotel Contracts Transportation CVBs and DMCs PAGE 10 PAGE 18 PAGE 24 PAGE 36 PAGE 48 A COASTAL COMMUNICATIONS CORPORATION PUBLICATION JULY 2018 VOL. 36 NO. 7 $12.00 A Whole New Level of Wow! Planners Are ‘Pushing the Envelope’ for Memorable Experiences PAGE 30 Emerging Destinations Credit: Miami Culinary Tour Miami CulinaryCredit: Why These Newly Discovered Meetings Group dining in Wynwood — one of the largest open-air street art collections in the world — Miami Beach, Florida. Cities Deserve a Second Thought PAGE 42 Universal elements and all related indicia TM & © 2017 Universal Studios. All rights reserved. 17-26872 ISSN 0739-1587 USPS 716-450 In This Issue VOLUME 36 NO. 7 JULY 2018 FEATURES Sixth Annual Hosts Global Forum Belfast Proves to be a “Titanic” Destination 10 for Hospitality Leaders All-Inclusive Resorts Premier Properties That Cater to Groups — and ROI 18 By Patrick Simms Negotiating Hotel Contracts & Resorts Hotels Playa Credit: Mediating Force Majeure, Cancellation Aerial view of the Hyatt Ziva Rose Hall, Cancun. PAGE 18 24 Clauses and Attrition with Authority By Derek Reveron A Whole New Level of Wow! Planners Are ‘Pushing the Envelope’ for 30 Memorable Experiences By John Buchanan Ground Transportation Do’s & Don’ts Don’t Let Drive-Time Snafus Kick Your Meeting to the Curb 36 By Derek Reveron Emerging Destinations Why These Newly Discovered Meetings 42 Cities Deserve a Second Thought By Ron Bernthal Working With CVBs and DMCs How to Leverage the Relationship for 48 Better Meeting Outcomes By Derek Reveron DESTINATIONS The iconic Golden Gate Bridge, San Francisco. PAGE 54 The California Factor Meeting Success Is Almost Guaranteed in the 31st 54 State Because Attendees Want to Be There By Christine Loomis Las Vegas Hitting the Mark for Value and Experience 60 By David Swanson DEPARTMENTS 4 Publisher’s Message 7 Tips & Trends 6 News & Notes 9 Snapshots Top 10 Animal Encounters 12 Groups Get Up Close and Personal Building Online Community Barbara KraftCredit: 16 By Scott Steinberg Guests can swim day and night while enjoying the party at the XS Nightclub at Wynn Las Vegas and Encore. PAGE 60 66 People on the Move TheMeetingMagazines.com • Corporate & Incentive Travel • July 2018 3 Publisher’s Message A COASTAL COMMUNICATIONS CORPORATION PUBLICATION PUBLISHER/EDITOR-IN-CHIEF Harvey Grotsky [email protected] Make It Memorable CREATIVE DIRECTOR Mitch D. Miller Corporate meetings are undergoing a transformation. Planners are looking to [email protected] create experiences that engage and excite attendees — to produce an effect last- MANAGING EDITOR Susan S. Gregg ing long beyond the actual meeting. It is no longer as “simple” as offering attendees [email protected] geographical convenience, generic hotel F&B and standardized meeting rooms. EDITORIAL COORDINATOR Miriam Laing “...In a very important way, an ‘experiential’ strategy is...a way of better engag- [email protected] ing attendees for a more successful meeting,” says Karen Shackman, president of CONTRIBUTING EDITORS Sophia Bennett Shackman Associates New York, a meeting/event Ron Bernthal planning and destination management company, John Buchanan Sara Churchville in our feature “A Whole New Level of Wow” on page Cynthia Dial 30. Attendees are looking to engage with meeting Maura Keller Christine Loomis content and destination in more personal ways. By Derek Reveron utilizing unusual offsite venues like a transformed Mark Rowh Patrick Simms historic bank vault or a science museum, planners David Swanson are on the cutting-edge in their meeting design — PRESIDENT & CEO for large and small groups alike. Harvey Grotsky VICE PRESIDENT OF OPERATIONS Also in the spirit of out-of-the-box thinking and David Middlebrook adventurousness, this month we are reminded to [email protected] ADVERTISING SALES OFFICES take a second look at “Emerging Destinations” (page 2700 N. Military Trail, Suite 120 42) like Omaha, Nebraska, for budget-friendly loca- Boca Raton, FL 33431-6394 561-989-0600 Fax: 561-989-9509 tions that can still be counted on to provide luxuri- [email protected] ous accommodations, amenities and superior service. Rob Helling, vice president MIDWEST STATES of creative development for Sonburst Communication, says of the city, “Even if Bob Mitchell 630-541-3388 • Mobile: 630-235-0126 we were not based (here)… I would put Omaha up against any convention city in [email protected] the country...” And, in “Top 10 Animal Encounters for Groups” planners take adven- SOUTHWEST STATES Kristie T. Thymes ture to the next level by combining unique experiences — like iguana feeding or 972-435-9600 cattle-herding — with teambuilding and networking activities. [email protected] Negotiation is another important part of a planner’s repertoire. The ability to WESTERN STATES and HAWAII Ray Beauchamp negotiate — whether it’s a hotel contract, a personal relationship, working with a 408-921-2932 destination’s CVB or organizing complex ground transportation — is not inconse- [email protected] quential. In “Ground Transportation Do’s & Dont’s” (page 30), Jessica Niblett, CMP, Corporate & Incentive Travel (USPS 716-450) is published monthly by Coastal Communications Corporation, 2700 North Military national sales manager, Allied PRA Orange County/Los Angeles, reminds us that Trail — Suite 120, Boca Raton, FL 33431-6394; 561-989-0600. Single copies $12.00 U.S.A. only. Yearly subscription price is $125.00 in early planning and setting clear expectations with transportation vendors is key the U.S.A.; Canada and foreign is $165.00. Back copies $14.00 to avoiding complications and confusion later. And Elizabeth Ingram, events co- U.S.A. only. Distributed without charge to qualified personnel. Periodicals Postage Paid at Boca Raton, FL, and additional mailing ordinator for Bojangles’ Restaurants, Inc., advises in “Working With CVBs and DMCs” offices. POSTMASTER: Please send address changes to Corporate & Incentive Travel, 2700 North Military Trail — Suite 120, Boca (page 48), that we “utilize their expertise and experience...to help (us) succeed.” Raton, FL 33431-6394. Nothing contained in this publication shall constitute an endorsement by Coastal Communications For specific tips and techniques, read “Negotiating Hotel Contracts,” on page 24. Corporation (Corporate & Incentive Travel), and the publication To get and give the most from your programs, turn to “All-Inclusive Resorts” disclaims any liability with respect to the use of or reliance on any such information. The information contained in this publication (page 18), as well as updates on perennial favorite destinations — California (page is in no way to be construed as a recommendation by C&IT of any industry standard, or as a recommendation of any kind to be 48) and Las Vegas (page 54). adopted, by or to be binding upon, any corporate/incentive travel planner or agent. Reproduction of any portion of this publication by any means is strictly forbidden. Editorial contributions must be accompanied by return postage and will be handled with reasonable care. However, the publisher assumes no responsibility for return of unsolicited photographs or manuscripts. Subscribers: Send subscription inquiries and address changes to: Circulation Department, Corporate & Incentive Travel, 2700 North Military Trail — Suite 120, Boca Raton, FL 33431-6394. Provide old and new addresses including zip codes. Enclose address label from most Harvey Grotsky recent issue and please allow five weeks for the change to become Publisher effective. Printed in U.S.A. © 2018 4 July 2018 • Corporate & Incentive Travel • TheMeetingMagazines.com Montréal works for you Remember that childlike wonder of believing everything is possible? Come discover it again in the lively sights, sounds and avours of fun-loving, unforgettable Montréal. With a team that makes everything achievable and a city where the joie de vivre is as contagious as the heartwarming hospitality, it’s easy to see why Montréal is an exceptional meeting destination. Let’s plan together. mtl.org/meetings © Loïc Romer News & Notes Hilton Santa Barbara Beachfront Resort Unveils New Meeting and Event Spaces Hilton Santa Barbara Beachfront Resort SANTA BARBARA, CA — Hilton Santa Barbara Beachfront Resorts renovations were inspired by the sce- Beachfront Resort announces the completion of the reno- nic beauty of Santa Barbara and the town’s coastal-chic, vated meeting and event spaces. To commemorate its serene atmosphere. Throughout the ballrooms, meeting completion, the hotel will debut a special Coastal Meetings spaces and boardrooms, the design team incorporated Made Easy package designed to bring the boardroom to hammered rock tables, found objects from the beach, drift- the beach. The package is geared to groups ranging in wood-inspired tables and tall blue-hued chairs and ocean- size, with 25 guest rooms (with a maximum of 50 guests) inspired artwork. The color palate throughout the spaces Sunday through Thursday through the end of 2018. blends deep blues from the Pacific and clear skies with neu- The design and architecture of the Hilton Santa Barbara tral tones to provide a fresh, refined interior. A Revolutionary New Terminal for a Revolutionary New Ship American Airlines to FT. LAUDERDALE, FL — Designed future resident – the industry’s
Load more

Recommended publications
  • Las Vegas | Hotel Q2 2020
    Research & Forecast Report LAS VEGAS | HOTEL Q2 2020 The Great Pause Economic Indicators R CONVENTION ReR Passengers Attendance > Las Vegas resorts, hotels and motels suspended operations for most of the second quarter +1.6 +1.4% > Re-openings began in June, with more properties Feb opening than was initially predicted +6.5% 2020 > No sales occurred in the second quarter of 2020 With data from May 2020 available from the Las Vegas Market Indicators Convention & Visitors Authority, we can see clearly the impact Relative to prior period Q2 2019 Q3 2020* an industry shut down has on those industry’s statistics. Room Room Inventory occupancy, average daily rate (ADR) and revenue per available Room Occupancy room (RevPAR) collapsed in April and May 2020, reaching levels possibly not seen in Southern Nevada’s history. After significant Average Daily Rate investment sales over the past two quarters, no hospitality Revenue Per Available Room properties sold in the second quarter of 2020. *Data Not Available Year-to-date visitor volume in May 2020 was 8.7 million visitors, representing negative 38.5 percent year-over-year growth. Room occupancy growth in May 2020 was negative 45.8 percent Summary Statistics citywide, negative 46.8 percent on the Las Vegas “Strip” and Las Vegas Market Q2, 2019 Q1, 2020 Q2, 2020 Room Inventory 143,251 141,934 142,225 Revenue Per Available Room (RevPAR) Room Occupancy 91.2% 70.8% 1.7% $140.00 Average Daily Rate $130.45 $142.97 $60.50 $120.00 $100.00 Revenue Per Available Room $118.89 $101.19 $1.03 $80.00 $60.00 $40.00 $20.00 $0.00 3 Q 2018 4 Q 2018 1 Q 2019 2 Q 2019 3 Q 2019 4 Q 2019 1 Q 2020 2 Q 2020 negative 43.2 percent in Downtown.
    [Show full text]
  • Research & Forecast Report
    Research & Forecast Report Q1 2019 Las Vegas Economic Review Glossary Industrial Definitions Incubator: Multi-tenant buildings without dock-high loading doors that have a parking ratio lower than 3.5/1,000 square feet and bay sizes lower than 3,500 square feet. Light Distribution: Multi- or single-tenant buildings that include dock-high loading doors and have bay sizes of less than 15,000 square feet. Light Industrial: Multi- or single-tenant buildings without dock-high loading doors that have a parking ratio lower than 3.5/1,000 square feet and, in the case of multi-tenant buildings, bay sizes of at least 3,500 square feet. Multi- or single-tenant buildings without dock-high loading doors with parking ratios in excess of 3.5/1,000 Flex: square feet. Multi- or single-tenant buildings that include dock-high loading doors and have bay sizes of at least 15,000 Warehouse/Distribution: square feet. Office Definitions Class A Office: Buildings with steel frame construction, high end exterior finish, distinctive lobbies featuring upgraded finishes, amenities including on-site security, state-of-the-art communications and data infrastructure and covered parking. Class A buildings are usually multi-story. Class B Office: Buildings with steel frame, reinforced concrete or concrete tilt-up construction. Class B buildings contain common bathrooms and hallways, and their lobbies may have granite and hardwood detailing. Class B buildings are often multi-story. Class C Office: Buildings of wood frame construction. Class C buildings are often garden-style and are built around courtyards. Retail Definitions Community Center: Retail centers anchored by supermarkets, drug stores and discount department stores.
    [Show full text]
  • Reduced Asking Price: $300,000,000
    FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS LAS VEGAS STRIP HACIENDA AVENUE LAS VEGAS BOULEVARD RUSSELL ROAD Michael Stuart Mike Mixer, Executive Vice President Executive Managing Director REDUCED ASKING PRICE: $300,000,000 +1 702 836 3739 +1 702 836 3777 [email protected] [email protected] PROPERTY IS LOCATED IN A QUALIFIED OPPORTUNITY ZONE License # NV-S.0028088 License # NV-B.0021557.LLC CONFIDENTIALITY AGREEMENT © 2019 Colliers International This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of the 38.5 Acres (the “Property”), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering made hereby. The material contained in this Memorandum is provided solely to assist the Recipient in determining whether it is interested in making an investigation or evaluation concerning a potential purchase of the Property. Neither the Agent nor any affiliates or client of the Agent which term includes related entities, the owners of any equity interest in the Property, (“Owner”), the manager of the Property (“Manager”), and any officers, employees and agents of any such parties make any representations or warranties with regard to the accuracy or completeness of the information contained herein.
    [Show full text]
  • Construction Projects
    LAS VEGAS TOURISM CONSTRUCTION BULLETIN Resort & Other Destination Amenities* Condensed Summary (As of: June 13, 2018) Convention Add'l Hotel Est. Year-End Construction Cost Space Timeshare Rooms Room Count (Millions) (Sq Ft) Units Las Vegas Room Inventory 148,896 (as of Dec 31, 2017) Projects scheduled to open in 2018 $1,420 553,600 120 741 149,637 Projects scheduled to open in 2019 $963 126,000 - 1,052 150,689 Projects scheduled to open in 2020 $10,326 2,601,351 - 8,427 159,116 Projects scheduled to open in 2021 and Beyond $4,166 517,000 - 5,188 164,304 Combined Total (2018 and Beyond) $16,875 3,797,951 120 15,408 *NOTE: The above recap reflects significant projects, room closures, expansions and additions to the room inventory, but is not a comprehensive list of development. Page 1 of 4 LAS VEGAS TOURISM CONSTRUCTION BULLETIN Resort & Other Destination Amenities* Current & Future Projects (As of: June 13, 2018) 2018 Convention Time- Completion Cost Changes and/or Space Share Hotel Name of Property Location Date (Millions) New Amenities (Sq Ft) Units Rooms The Palazzo Resort - Hotel - Casino 3325 Las Vegas Blvd S Jan 2018 N/A Room Renovations Park MGM 3770 Las Vegas Blvd S Jan 2018 N/A Phase I - New Convention Space 77,000 (rebrand Monte Carlo Resort and Casino) The Westin Las Vegas Hotel & Spa 160 E Flamingo Rd Jan 2018 N/A Property-Wide Renovations Transformed into Non-Gaming/Non-Smoking ARIA Resort & Casino 3730 Las Vegas Blvd S Feb 2018 $170 Add'l 200,000 sf of Meeting Space/ 200,000 4-stories Hilton Garden Inn Las Vegas City Center
    [Show full text]
  • Crossroads Apartments
    crossroads apartments MULTIFAMILY INVESTMENT OPPORTUNITY THE OPPORTUNITY • crossroads apartments • 32 Units HIGHLIGHTS CROSSROADS APARTMENTS 1110 Redwood Street, Las Vegas, NV 89146 Units 32 PROPERTY OVERVIEW The Crossroads Apartments consist of large one and two-bedroom floorplans. This community was built in 1992 and sits on 1.66 acres Avg SF 883 SF of land. The community has endless amenities for its residents, including covered parking, fully securitized gates, swimming pool/ jacuzzi, mature landscaping, and much more. Units come fully equipped with washer/dryer, private patio, roman tubs, and fireplaces. Proforma $945 Avg Rent Crossroads is located in the highly desirable west side of Las Vegas. This quiet and secure location provides a desirable family-oriented atmosphere for its residents. Ideally located, Crossroads is within walking distance of the College of Southern Nevada, as well as NRA 28,240 SF many dining, shopping and entertainment options. The location is conveniently situated near the US-95 Freeway, which provides access to all arterials of the Las Vegas valley. YR Built 1992 AMENITIES Acreage 1.66 • Premium West-Side Location • Fireplaces • Fully Gated • Covered Parking Zoning R - 3 • Swimming Pool/Jacuzzi • Below Market Rents • Washer/Dryer In-Unit • Lush Landscaping • Private Patios • Walking Distance to CSN APN 163 - 02 - 104 - 002 Proforma 95% UNIT MIX Occupancy Proforma PROFORMA PROFORMA $350,542 UNITS UNIT TYPE SIZE Gross Income RENT RENT / SF 16 1x1 745 $895 $1.20 Proforma NOI $216,308 16 2x2 1020 $995 $0.98 MULTIFAMILY INVESTMENT • • 2 EXTERIOR PICTURES • crossroads apartments • 32 Units MULTIFAMILY INVESTMENT • • 3 EXTERIOR PICTURES • crossroads apartments • 32 Units MULTIFAMILY INVESTMENT • • 4 AERIAL PICTURES • crossroads apartments • 32 Units MULTIFAMILY INVESTMENT • • 5 location overview • crossroads apartments • 32 Units las vegas strip downtown las vegas college of southern nevada bonanza high school crossroads apartments charleston blvd.
    [Show full text]
  • Marriott Properties in Las Vegas Strip
    Marriott Properties In Las Vegas Strip slackensFormational his Oliverexclusion lecturing inflammably that caducity and humorously. flick parcel and glued amiss. Swinging Christy lushes his roods trip rapturously. Promotive Seth limings: he Grazie rewards club and restaurants and nice to find at all our highest calling rates including a private or people were not. Las Vegas Strip resorts. The Waldorf Astoria Las Vegas. Popular for businessmen who may be attending trade shows at Mandalay Bay but are seeking a more exclusive retreat at the end of the day. During your marriott properties to las vegas strip using points for you free internet access to get around in. Everyone knows that marriott property will provide either strip for vegas and fountain shows instead of. The Bellagio offers deluxe guest rooms and suites featuring sweeping vistas of summer lake, surrounding mountains and Las Vegas skyline. Good location, a short walk to the strip. What is a good credit score? The strip and not have a great revenue from the accommodations are they all properties. Not in las vegas strip sidewalk, with balconies or waffles were in ownership plan. JW Marriott hotel on the Las Vegas Strip. We want everyone to feel comfortable here in Clark County and Southern Nevada. Or parking fees for that matter. The bellagio is on our free access, and olive green grass, every inch of cai investments out on. The crown jewel of the southwest valley in Henderson. Add properties in las vegas? The Las Vegas resort is accessible to Las Vegas Speedway, TPC Las Vegas and a number of other golf courses.
    [Show full text]
  • Largest Taxpayers in Clark County 2020-2021 Secured & 2019-2020
    LARGEST TAXPAYERS IN CLARK COUNTY 2020-2021 SECURED & 2019-2020 UNSECURED TAX ROLLS BASED ON ASSESSED VALUES 10/31/2020 ASSESSED APPRAISED 1. MGM RESORTS INTERNATIONAL 3,341,076,734 9,545,933,525 Major holdings include but are not limited to the following properties: Aria Resort & Casino MGM Grand Hotel, Casino, Special Events Arena & Skylofts Casino & Grand Slam Canyon New York-New York Hotel & Casino Delano Las Vegas Park MGM Hotel &Casino Excalibur Hotel & Casino Shadow Creek Golf Course Luxor Hotel & Casino Slots-A-Fun Casino Mandalay Bay Hotel, Casino & Convention Center The Signature at MGM Grand Mandarin Oriental Las Vegas Vdara Hotel & Spa Mirage Hotel & Casino Veer Towers 2. CAESARS ENTERTAINMENT CORPORATION 1,871,780,926 5,347,945,504 Major holdings include but are not limited to the following properties: Bally's Grand Hotel, Casino & Convention Center Linq Hotel & Casino Caesar's Palace Hotel & Casino Paris Hotel, Casino, & Convention Center Cascata Golf Course Planet Hollywood Hotel & Casino Flamingo Hotel & Casino Rio All-Suite Hotel & Casino Harrah's Hotel & Casino Rio Secco Golf Course, Club & School Harrah's Laughlin Hotel & Casino The Cromwell Hotel & Casino 3. NV ENERGY 1,797,492,697 5,135,693,420 4. LAS VEGAS SANDS CORPORATION 1,122,130,007 3,206,085,734 Major holdings include but are not limited to the following properties: Palazzo Resort Hotel, Casino & Condos Sands Expo & Convention Center Venetian Resort, Hotel & Casino 1 of 6 LARGEST TAXPAYERS IN CLARK COUNTY 2020-2021 SECURED & 2019-2020 UNSECURED TAX ROLLS BASED ON ASSESSED VALUES 10/31/2020 ASSESSED APPRAISED 5.
    [Show full text]
  • Symphony Park Apartments
    wells park apartments MULTIFAMILY INVESTMENT OPPORTUNITY THE OPPORTUNITY • wells park apartments • 8 Units HIGHLIGHTS WELLS PARK APARTMENTS 401 E. Merlayne Drive, Henderson, NV 89011 Sale Price $695,000 PROPERTY OVERVIEW Price/Unit $86,875 The Wells Park Apartments were built in 1955 and sit on 0.34 acres of land. This community offers its residents spacious two- bedroom/one-bathroom floor plans, averaging 650sqft. The property is equipped with on-site laundry facilities, spacious parking, and Units 8 high-speed internet. This Boutique property is located in a quiet, residential neighborhood across the street from Wells Park, Hinman Elementary School, Boys & Girls Club, and a community pool. For commuters, this location provides easy access the the US-95 and Avg SF 650 SF I-215 freeway, the Galleria Mall, Sunset Station Hotel and Casino and an abundance of employment along Boulder Hwy. Net Rentable Area 5,200 SF UNIT MIX APN 178 - 01 - 604 - 008 UNIT TYPE UNITS SIZE PROFORMA PROFORMA Acreage 0.34 RENT RENT / SF 2x1 8 650 $650 $1.00 Year Built 1955 Avg Rent $650 Zoning RH - 36 Proforma Gross $59,773 Proforma NOI $39,934 Current OCC 100% MULTIFAMILY INVESTMENT • • 2 EXTERIOR PICTURES • wells park apartments • 8 Units MULTIFAMILY INVESTMENT • • 3 interior PICTURES • wells park apartments • 8 Units MULTIFAMILY INVESTMENT • • 4 LOCATION OVERVIEW • wells park apartments • 8 Units sam boyd stadium Boulder Hwy. HENDERSON NORTH WALMART POLICE DIVISION SUPERCENTER COWABUNGA BAY GALLERIA MALL SKYLINE CASINO 95 SUNSET STATION CASINO Jefferson Blvd. community Haren Dr. baptist church Dr. Moser lowes home OCEAN SPRAY improvement carmax E.
    [Show full text]
  • Las Vegas Casino and Hotel Market Outlook 2021
    Superior Results Through Unrivaled Hospitality Intelligence. Everywhere. FEBRUARY 2021 LAS VEGAS CASINO AND HOTEL MARKET OUTLOOK 2021 Shannon S. Okada, MAI Managing Director, Gaming HVS Gaming 8545 W. Warm Springs Road, A-4 #336 Las Vegas, Nevada 89113 HVS Gaming Division www.hvs.com HVS.com 8445 W. Warm Springs Road, A-4 #336, Las Vegas, NV 89117 USA The impact of the COVID-19 pandemic on the Las Vegas economy has been extremely harsh given the market’s reliance on visitation and conventions. Following five consecutive years of accommodating more than 42 million visitors, Las Vegas hosted just over 19 million people in 2020 (the lowest number of visitors since 18.1 million in 1989). While vaccination rollouts have begun in Nevada, measures to curb the spread of the COVID-19 virus remain in place. Continued weak performance is anticipated through the first half of 2021. Thereafter, the recovery of travel and general economic performance is expected to accelerate as vaccines, medical therapies, and public confidence support the beginning of the return to pre-pandemic levels. Fortunately, construction is classified as an essential business in Nevada and has continued throughout the pandemic. New developments will contribute to the eventual recovery of the market. COVID-19 PANDEMIC On March 17, 2020, Nevada’s Governor Steve Sisolak ordered the closure of Nevada’s nonessential businesses and urged residents to implement social‐distancing measures to reduce spreading the COVID‐19 virus. The Las Vegas economy was devastated in April and May 2020 due to the shutdown of businesses. Governor Sisolak authorized certain businesses, including restaurants, barbershops, hair salons, and most retail businesses, to reopen with limitations beginning May 9, 2020, and Nevada began its emergence from the pandemic shutdown.
    [Show full text]
  • Condensed Summary (As Of: March 1, 2019) Construction Cost Convention Space Add'l Hotel Est
    LAS VEGAS TOURISM CONSTRUCTION BULLETIN Resort & Other Destination Amenities* Condensed Summary (As of: March 1, 2019) Construction Cost Convention Space Add'l Hotel Est. Year-End (Millions) (Sq Ft) Rooms Room Count Las Vegas Room Inventory 149,158 (as of December 31, 2018) Projects scheduled to open in 2019 $1,321 380,500 1,074 150,232 Projects scheduled to open in 2020 $3,397 1,936,300 1,969 152,201 Projects scheduled to open in 2021 $4,308 50,000 3,859 156,060 Projects scheduled to open in 2022 and Beyond $568 700,000 4,980 161,040 Combined Total (2019 and Beyond) $9,593 3,066,800 11,882 Other Announced and Proposed Projects $2,718 248,500 4,040 *NOTE: The above recap reflects significant projects, room closures, expansions and additions to the room inventory, but is not a comprehensive list of development. ConstructionBulletin-030119 LAS VEGAS TOURISM CONSTRUCTION BULLETIN Resort & Other Destination Amenities* 2018 Recap (As of: March 1, 2019) 2018 Completion Cost Convention Name of Property Location Date (Millions) Project Details Space (Sq Ft) Hotel Rooms The Palazzo Resort - Hotel - Casino 3325 Las Vegas Blvd S Jan 2018 N/A Room renovations Park MGM (Phase 1) 3770 Las Vegas Blvd S Jan 2018 N/A New convention space 77,000 (rebrand of Monte Carlo) The Westin Las Vegas Hotel & Spa 160 E Flamingo Rd Jan 2018 N/A Renovations, transformed into non-gaming & non-smoking property ARIA Resort & Casino 3730 Las Vegas Blvd S Feb 2018 $165 Add'l 200,000 sf of meeting space 200,000 Hilton Garden Inn Las Vegas City Center 4655 Dean Martin Dr
    [Show full text]
  • Las Vegas Casino & Hotel Market Outlook 2019
    JULY 2019|PRICE $500 LAS VEGAS CASINO & HOTEL MARKET OUTLOOK 2019 Author: Shannon S. Okada, MAI Managing Director, Gaming www.hvs.com HVS Gaming Division 8445 W. Warm Springs Road, A-4 #336, Las Vegas, NV 89117 USA The primary drivers of the Las Vegas economy are tourism, gaming, and conventions. The annual number of visitors to Las Vegas exceeded 42 million for the fourth consecutive year in 2018. Total gaming revenue for Clark County properties exceeded $10.2 billion in 2018, surpassing the $10-billion mark for the first time since 2007. Market-wide occupancy, average daily rate (ADR), and revenue per available room (RevPAR) declined slightly in 2018, compared to 2017; however, in the year-to-date period through May 2019, occupied rooms, ADR, and RevPAR increased when compared to the same period in 2018. Continuing development of numerous gaming, lodging, and entertainment venues will enable the market to retain its status as a premier destination. This article examines trends and market developments affecting the Las Vegas hospitality market. VISITATION The tourism, gaming, and convention industries are dependent upon the volume of visitors to the region. Las Vegas continues to be recognized as a top U.S. destination and is fourth on TripAdvisor’s 2019 list of Travelers' Choice “Top 25 U.S. Destinations,” dropping from third in 2018. Over 42 million people visited Las Vegas for the fourth consecutive year in 2018. However, 2018 was the second consecutive year that the total number of visitors to Las Vegas declined year-over-year since the record-setting 42.9 million visitors in 2016.
    [Show full text]
  • The Corporate
    THE CORPORATE MEETING& INCENTIVE PLANNERS GUIDE TO LAS VEGAS TOP 10 REASONS TO MEET IN VEGAS SEE PAGE 6 2 THE CORPORATE MEETING & INCENTIVE PLANNERS GUIDE TO LAS VEGAS 3 INTRODUCTION INTRODUCTION join Las Vegas’ already legendary lineup of leisure pursuits. The variety of available options are a big reason meetings and conventions see higher attendance figures, Meyer says. Having so much entertainment in one location also offers event professionals a bonus: access to a wealth of available talent. A number of marquee entertainers maintain homes in the area and can be engaged. And scores of musicians, dancers, acrobats, musicians, comedians and other performers associated with the city’s many shows are available to energize trade shows and conventions. A clear advantage for meetings in Las Vegas is ease of access. Getting to Las Vegas has always been easy, thanks to more than 950 inbound and outbound flights from more than 130 U.S. and international markets serving McCarran International Airport. That’s not by ac- cident. “We work diligently with the airport and have our own airline development program, seeking out carriers to bring passengers to the destination,” Meyer says. “We’ve had some great wins lately, including new service from Amsterdam on KLM, new seasonal nonstop LATAM Airlines flights from Sao Paulo, new flights from Frontier and increased service by Delta.” American Airlines in partnership with Japan Airlines will add flights from Tokyo to Las LAS VEGAS Vegas to support strong demand during CES 2019. And international visitors to Las Vegas don’t need their arms twisted — in 2017 16 percent of travelers were from overseas, and interest remains strong.
    [Show full text]