Las Vegas is on its Way to Recovery
Influenced by the pandemic COVID-19, the world's casino capital, Las Vegas is on its way to steady recovery. Although the air and ground traffic volumes have yet to climb, it could be the nearby Las Vegas gamblers who will help the operators stay afloat.
The Pandemic Effect On World's Gambling Capital
Nevada is one of the US states that have been hit by the COVID-19 pandemic. The closure implemented in March in an attempt to mitigate respiratory disease transmission lasted 78 days and affected the hotel and casino industries. Thus furloughs and layoffs were declared over the summer, but on June 4 the operators were allowed to reopen.
With the decreased air and ground traffic, it could be up to local residents to help Las Vegas recover from the pandemic's destructive blow. Moreover, although the Strip resorts sales declined in September, Boulder Strip operators may not have that.
Tim Brooks, co-owner of the Emerald Island in downtown henderson, disclosed in an interview with Las Vegas Sun on Monday of this week that several local clients are visiting the casino floor. He pointed out that nearby casinos are going on floating for the moment. However, according to Brooks, a "ripple-down effect" can be noticed given that a significant percentage of the casino floor guests operate on the strip. “As the Strip goes, so go small casinos like us,” Brooks emphasized.
The Number Of Tourists To Las Vegas Is Growing Steadily
In Las Vegas, based on the number of guests, there is already plenty of space for change so that the casino hub can complete its rebound. The number of visitors in Las Vegas plunged 70.5% in June, according to the Las Vegas Convention and Visitors Authority (LVCVA) survey. The number of tourists reached 1,438,000 in July, which represented a marginal rise compared with June. But a year-on-year analysis reveals a 61% fall in the number of visitors for the July month.
In August, the number of tourists in Las Vegas was rising steadily to 1.5 million. According to the LVCVA, the figure leapt to 1.7 million visitors in September. Thanks to the additional resorts which reopened as well as the return of more services, this figure was boosted undeniably.
Looking at the LVCVA's latest survey, we find that 1,856,900 people visited Las Vegas in October. Compared with September this represented a 9% rise. While every month shows a steady rise, it is important to note that additional COVID-19 restrictions in Nevada or neighboring states may also influence the number of visitors.
In reality, new regulations on COVID-19 were rolled up in neighboring California last week. Considering that California is right next to Nevada, it is possible that because of the new rules, the drive-to-business that enhanced Strip's income was already affected.
