Las Vegas remains the hardest-hit city from an economic standpoint in the country. For nearly a year, officials here have been working hard to increase tourism rates in the safest way possible. Many now believe that with enough vaccines in Las Vegas, the city’s economy could quickly recover.
Analysts seem torn on what to expect this year. Some believe we’ll see major casino hubs experience huge increases in tourism and gambling revenue. Others feel we could continue the same trend set in March of last year.
Let’s take a look at how things could change in Las Vegas over the next 12 months.
Las Vegas Casinos Push to Increase Tourism Rates
Prior to 2020, Las Vegas was one of the most-visited cities in the United States. More than 40 million individuals visited the city every single year. Many of these tourists were international, coming in from all different parts of the world.
Beginning in March of last year, the tourism industry here came to a screeching halt. All of the casinos in this city were forced to shut down. Travel restrictions were implemented around the country and the Las Vegas International Airport closed down several of its concourses.
It wasn’t until June that the casinos in Las Vegas finally reopened. Over the next few months, tourism rates began to gradually increase in the city. The colder months approached and visitation numbers started to fall once again.
The year ended with significant drops in gaming revenue when compared to the same months in 2019. It’s an extremely difficult situation for the casinos in Las Vegas. Many have been forced to close down during the week to cut down on costs.
These casinos are still trying to boost their tourism rates. It’s proving to be extremely difficult. The country is in a difficult position right now and not many individuals are choosing to travel. It’s unclear when exactly things will begin getting back to normal.
Many are now speculating what will help the tourist situation here. There is one strategy that many feel will help things right now.
Calls to Increase Vaccines in Las Vegas Continue
Las Vegas is far from being the only city to see its tourism industry hurting right now. All major cities that rely on visitors are taking hits every single month. Even the top travel analysts are having a difficult time predicting when things will get back to the way things were in 2019.
There are many ways that city officials are working to increase tourism numbers. Travel deals and intense safety regulations are one way to achieve that goal. Of course, many people still have concerns over their health when considering travel.
The calls to increase vaccines in Las Vegas are ramping up right now. Most believe these are the key to increasing travel around the world. Getting casino workers vaccinated will also help the casino industry in the city deal with the current situation.
Governor Sisolak has approved a measure to add casino workers to the “prioritized” list of individuals for the vaccine. The goal is to set up to 45,000 vaccine shots a week for Las Vegas residents.
Virginia Valentine, president of the Nevada Resort Association, spoke about the benefits of seeing more vaccines in Las Vegas to the media this week.
“The more Nevadans are swiftly vaccinated, the sooner our transmission rates decrease across the community,” she said. “We believe this will provide peace of mind to visitors and influence their travel decisions against other communities where the rates of vaccination among front staff would be less certain.”
There are now many in the casino and tourism industry pushing to get this vaccine distribution plan up and running. It could help to significantly increase tourism rates throughout Nevada. We’ll continue offering more updates on this situation over the next few weeks!
Here’s What is Set to Open in Las Vegas This Year
Not everything is doom and gloom over in Sin City. Over the next 12 months, several incredible casino-resorts are preparing to open their doors here. Many are hoping these new properties will help to significantly boost tourism rates here.
The biggest and most-anticipated is Resorts World Las Vegas. This venue is set to open in the northern area of the Las Vegas Strip, across from the popular Wynn Las Vegas Casino-Resort. It’s the most expensive gambling venue ever built in the city.
More details about Resorts World have come out over the past few months. The owners of this venue are doing everything they can to make this the next-big-thing in Las Vegas. This venue will finally open its doors to the public this summer.
Many are also looking forward to seeing the Virgin Hotel-Casino. This is Virgin’s first foray into the casino industry. It is located where the former Hard Rock Hotel-Casino sat, not far from the Las Vegas Strip.
This Virgin hotel is expected to be one of the coolest new properties off the Strip. We’ve seen a large number of popular new hotel-casinos being built in different areas of Las Vegas lately. The Virgin property is delaying its opening date to a later day this year.
Hopefully, we’ll see more vaccines in Las Vegas over the next couple of months. Do you think this will help to increase tourism rates in the city? Let us know in the comments section below!