In The News: Center for Business and Economic Research
Last month, a report released by UNLV’s Center for Business and Economic Research suggested that Las Vegas is about to start its economic recovery this summer. The report predicted growth in terms of hotel occupancy, as well as gambling revenue and an increase in the number of visitors.
Las Vegas’ jobless rate has shrunk dramatically since the early chaos of the pandemic but remains among the highest in the nation, even as tourism bounces back.
The opening of the $4.3 billion, 3,500-key Resorts World Las Vegas on June 24, the culmination of more than a decade of work, brings new attention to the long-troubled north part of the Strip.
A new study by the UNLV Center for Business and Economic Research suggests that gambling revenue and visitor volume in Las Vegas will increase gradually until the end of this year. According to the study, the positive trend will continue in 2022.
The UNLV Center for Business and Economic Research project that visitor volume in Southern Nevada will climb by 57 percent this year.
Vegas is back, and MGM has set its business up to be ready for it.
As Resorts World Las Vegas opens its doors Thursday night, Wall Street analysts and a UNLV economics professor predict that the Strip and locals casinos are positioned for a strong second half of 2021 and an even stronger 2022, with the potential for more mergers and acquisitions.
Las Vegas’ tourism industry is expected to surge back this year from its steep plunge in 2020, but the valley’s economic recovery could stall if it suffers another wave of coronavirus infections, a new report says.
Nevada added more than 10 thousand jobs last month as coronavirus restrictions eased and tourism regained its position in Las Vegas. However, unemployment remains high, as the valley (which is home to most of the state's population) continues to recover from the severe economic consequences of the pandemic.
Nevada added more than 10,000 jobs last month as coronavirus restrictions were relaxed and tourism regained its position in Las Vegas. However, unemployment remains high as the valley (which is home to most of the state's population) continues to rebound from the severe economic consequences of the pandemic.
Nevada added more than 10,000 jobs last month as coronavirus restrictions loosened and tourism regained its footing in Las Vegas. But unemployment remains high as the valley, home to the bulk of the state’s population, continues its recovery from the pandemic’s severe economic fallout.
Record-breaking heat and historic drought in the U.S. West are doing little to discourage cities from planning to welcome millions of new residents in the decades ahead.