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Vegas Visitation for Labor Day Looks Flat4 September 2001LAS VEGAS, Nevada – August 31, 2001 – As reported by the Associated Press: ``The number of visitors expected for the Labor Day weekend in Las Vegas remains flat, making experts' predictions of a growth slowdown on the Strip ring true. ``The Las Vegas Convention and Visitors Authority estimates 269,000 visitors -- the same as 2000 -- will come to the city for the three-day holiday weekend. ``…Economists blame the near stagnant numbers on the suspension of the megaresorts building boom. The city has just 4,419 more hotel rooms this year than last year's inventory of 121,664. And no new Strip resorts are on the horizon for at least two years. ``…University of Nevada, Las Vegas, Business and Economic Research center director Keith Schwer expects a slowdown in growth for the next two years, but added that hotel occupancy rates should remain at 90 percent or better, with the number of area visitors -- some 30.6 million in 1999 -- topping 36 million in 2001. ``That might prove true if the record 275,000 visitors who hit the Strip over the July Fourth holiday to gamble, dine and shop is any indication…" |