Part of the beauty of the capitalist system, though, is that demand will eventually find an equilibrium. Las Vegas has benefited from cheap airfares and huge capacity growth, and now the opposite is happening. Eventually, capacity will rightsize itself. With supply down, airfares will go up. As airfares begin to rise again, supply will come back into the market to meet the demand. Don't worry, we'll get there. It'll just sting some in the meantime.
Mike
Originally Posted by
Travel_intellectual
I think that once US Airways and others really start raising the airfares and cut back flights and the number of people who come to Las Vegas continues to drop and the layoffs and bankruptcies start to really hit the news, people will look at this differently.
Our real estate industry in Las Vegas is already dying, and now people are starting to get concerned that the perfect storm may hit when they reduce airline service to the number one tourist dependent community.
Don't the Bankers and Bond Holders who are financing billions in New Las Vegas Hotel and Casino Construction see the upcoming crisis happening?
Most visitors to Las Vegas who come by air arrive on US Airways and most visitors to Las Vegas come via air. It looks like a crisis in our fair city!