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Is Vegas Tourism's Future Boom or Bust? Experts Have Varied Viewpoints

The tourism industry in Las Vegas has restored all but 1.3 percent through the fallout that is devastating of recession, but what lies ahead for Sin City's visitor growth for the following five years? This will depend who you ask.

Las Vegas tourism continues to flourish, but several factors could hamper future expansion, from terrorism to flight pilot shortages.

Several facets point toward slower growth, nevertheless the recovery from the 2008 Great Recession is nearly complete.

That is according to UNLV's Center for Business and Economic analysis director Stephen Miller, who said at a presentation earlier this week that Southern Nevada's tourism economy will drop slightly, but then rebound in a capacity that is limited in 2018, according to a story in the vegas Review-Journal.

Those thoughts come in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there genuinely believe that indicators point toward an upsurge in site visitors, continuing a trend they have seen for the past 36 months.

Tourism Records Broken

Visitor numbers in Las Vegas have actually been spiking since 2015. Occupancy rates in hotels, in addition to average room that is daily, have actually additionally gone up within the previous couple of years, according to the LVCVA.

It has undoubtedly been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million