INDUSTRY INSIGHTS

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The Reopening of Las Vegas Casinos During the COVID-10 Pandemic

Governor Sisolak authorized certain businesses, including restaurants, barbershops, hair salons, and most retail businesses, to reopen with limitations beginning May 9, 2020, and Nevada began its emergence from the pandemic shutdown. Nevada’s casinos were allowed to reopen on June 4, 2020, with restrictions. While the pandemic is far from over, this article examines some of the differences observed in casinos in the Las Vegas market since reopening and what has been learned thus far.

The Importance of Sporting Events for the Las Vegas Market

Three U.S. major professional sports teams—the Vegas Golden Knights of the National Hockey League, Las Vegas Aces of the Women’s National Basketball Association, and Las Vegas Raiders of the National Football League—are based in Las Vegas. The importance of sporting events for the Las Vegas market extends beyond serving as the home for these professional teams. The return of sports will contribute to Las Vegas’ eventual recovery from the impact of the COVID-19 pandemic.

Major Las Vegas Development Projects Status Update

During the three years preceding the onset of the COVID-19 pandemic, Las Vegas had entered a cycle of new development after the prolonged recovery from the 2008 Great Recession. The ongoing construction of major demand generators throughout the closure period is important to the eventual recovery of the Las Vegas market. This article summarizes the available information regarding the status of major tourism-related projects in the Las Vegas market.

Impact of COVID-19 on Los Angeles & Southern California Hotel Markets

A record-breaking decade of growth in the hospitality space in Southern California has now been brought to a halt by COVID-19. This article explores the impact of the pandemic on Los Angeles and other major Southern California hotel markets.

HVS Market Pulse: Reno, Nevada

Is history repeating itself in the Reno market, or has the market diversified enough over the last decade to handle the influx of new supply?

Las Vegas Casino & Hotel Market Outlook 2019

Continuing development of numerous gaming, lodging, and entertainment venues will enable the Las Vegas market to retain its status as a premier destination. This article examines trends and market developments affecting the Las Vegas hospitality market.

HVS Market Pulse: Sacramento, CA

Sacramento is the capital of California and the sixth most populous city within the state. The area is experiencing a period of economic expansion, as evidenced by numerous local development projects.

Las Vegas Casino & Hotel Market Outlook 2017

Las Vegas had 42.3 million visitors in 2015, breaking the previous record set in 2014. The record for number of visitors was broken for the third consecutive year in 2016, with 42.9 million visitors.

HVS Market Pulse: Reno, NV

After recovering from an influx of new supply followed by the recession, hotel developers are looking again at Reno. New start-ups and business expansions have also stoked interest in non-gaming hotels in this historically casino-centered market.

HVS Market Pulse: San Francisco, CA

The San Francisco hotel market experienced strong momentum in 2016, matching the city’s vigorous economy. Although the development pipeline is anticipated to expand, the construction and opening of new hotels should continue at a modest pace.
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