Originally Posted by
Travel_intellectual
The people I know who work in the casino industry in Las Vegas are really nervous about the impact of US Airways significantly cutting back on flights to and from Las Vegas. With 130,000 hotel rooms to fill and casino, restaurant and show revenue already falling, reduced airline service and rapidly rising fares will destroy the town.
The people that I know (who employ the people that you know) are not worried about it. What they do worry about is a broader economic downturn that has nothing to do with Vegas.
I do not believe demand is really down to Las Vegas but the fares will be set artifically high if the airlines can cut the number of available seats. I would love to visit Vegas but not at $700 RT.
See "broader economic downturn".
Does the airline industry (including Las Vegas's most popular Airline- US Airways), owe anything to Las Vegas or other communities who depend on tourism and affordable airfares?
US Airways is not Vegas' most popular airline. Southwest is, and has been for some time.
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.
I don't think you really know what the problem is--what you are going to see is that Vegas is going to have to go back to giving things away to get people to come. Today, almost every property on the strip is most-ungenerous with comps, rooms, freebies compared to what they were a mere 10 or 15 years ago.
Combine that with the increased cost of getting there, and you have problems. Give stuff away again, and people will drive in from the East Coast to gamble.
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.
The market is fickle. Vegas is getting what it had coming to it, real estate wise. Welcome to the rest of the real world.
Don't the Bankers and Bond Holders who are financing billions in New Las Vegas Hotel and Casino Construction see the upcoming crisis happening?
If they did, they would not have been so greedy in the casino operations.
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!
Actually, it's not. And if it is, it's a crisis largely of Vegas' own making. And most people who arrive by air come on Southwest.