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Tourism slump may be afoot

Displaced guests should have no trouble finding lodging



Photo by Jeff Scheid.

Friday's fire at the Monte Carlo resort may have exposed a developing slump in the Las Vegas tourism market.

The fire means the 3,000-room Monte Carlo is uninhabitable for now, but guests should have no trouble finding alternate lodging.

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  • Judging by the number of hotels with available rooms and low prices, demand on the Strip is slow.

    "There is just a lot of availability," said Michael Zaletel, operator of the hotel-booking site www.i4vegas.com. "I've never seen it like that."

    Zaletel said his site had rooms at Sahara for $49 per night this weekend and at Harrah's for $88 nightly. The hotel Web site www.Vegas.com had rooms at the Luxor for $100 per night.

    He said lower-than-normal occupancy in Las Vegas hotels could be a symptom of the broader economic slump that's prompted rising home foreclosures, stock market volatility and declining consumer confidence in recent months.

    "All the economic factors are affecting all kinds of leisure travel," Zaletel said.

    Hotel statistics for January aren't yet available.

    In January 2007, occupancy was about 85 percent and the average daily room rate for Las Vegas was $134. In January 2006, the occupancy rate was 86 percent and the average rate was $120 per night. January occupancy was slightly lower than the annual occupancy rate in both 2006 and the first 11 month of 2007.

    The latest gambling revenue figures available also suggest a slowdown may be imminent for Las Vegas.

    In November, gambling revenue statewide was down 14 percent. On the Strip, the decline was even steeper at 19 percent. The November drop was the steepest in Nevada in five years.

    Approximately 85,000 people were in Las Vegas this week for the World of Concrete show at the Las Vegas Convention Center. It was the biggest show of the week and ended Friday.

    Next week a flooring and surface show is expected to attract about 40,000 people to the Sands Expo Center, a winter sports show for about 17,000 people is scheduled for Mandalay Bay, a photo marketing show is expected to attract 36,000 people and the winter market at World Market Center downtown could draw around 50,000 people.

    Monte Carlo is listed among the host hotels for the World Market event, which takes place downtown and at the MGM Grand on the Strip.

    "We just actually sent out an e-mail blast," World Market spokesman Andrew Maiden said early Friday afternoon.

    Maiden said the e-mail was meant to notify World Market visitors, mostly professional furniture buyers and sellers, who planned to stay at Monte Carlo about the fire.

    Zaletel said he hopes the Monte Carlo fire -- which was broadcast live on national television -- doesn't dissuade people from visiting Las Vegas.

    "My hope is it doesn't hurt tourism at all," he said. "Las Vegas doesn't need that right now."

    Contact reporter Benjamin Spillman at bspillman@reviewjournal.com or (702) 477-3861.



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    DJ2 wrote on January 26, 2008 07:05 PM: I'm wondering if blogger, "GOD" agrees with blogger, "DON". Just curious...


    DJ2 wrote on January 26, 2008 07:01 PM: Just wondering if the blogger "GOD" below agrees with blogger "DON"


    DON wrote on January 26, 2008 06:27 PM: JESUS HAS HAD ENOUGH OF THIS DEN OF ENIQUITY! SATAN'S MINIONS (CASINO OWNERS) HAVE LED NEVADANS ASTRAY BUT THE REST OF THIS GOD-FEARING COUNTRY IS LEARNING TO AVOID THIS FORSAKEN PLACE AND STAY ON THE PATH TO RIGHTEOUSNESS!!!


    DJ2 wrote on January 26, 2008 01:29 PM: Las Vegas used to be a local/tourist friendly place with many affordable buffets, prime-rib specials, and great, low-cost entertainment. Now that Vegas has begun to cater to the high-rollers and the rich, has repeatedly tweeked the games/slots more and more in favor of the house, and has allowed the unfairness and greed involved with gaming to openly drip in disgusting streams from its' panting tongue...well, many of the "regulars" have become disillusioned with being so blatantly fleeced and have changed their vacation habits.

    Here in Las Vegas, we're warned about the dangers of increasing the gaming tax for fear of, "killing the goose that lays the golden eggs". I have a different take on that. I believe the average gamers and regulars are actually the "goose that lays the golden eggs" for the casinos and the casinos had better take heed as to how they are treated.

    If the casinos are the goose, I'm thinking that goose has been hoarding its' golden eggs for itself and the only good deal the locals have been getting is the honor of fattening the goose up and cleaning its' golden cage.


    GOD wrote on January 26, 2008 11:11 AM: This local agrees with Roger.
    Go to Disneyland/Disneyworld instead.


    Roger wrote on January 26, 2008 09:20 AM: Avoid wasting your money in Vegas. The roads are not safe at all. The worst drivers in the US live in Vegas. The hotels are not safe and if you do get hurt, chances are you will not see a doctor until it's too late. Plus, Vegas has some of the worst doctors in the US...