The Las Vegas economy continues to prosper, in a large part due to the vast amount of tourists that visit the city. These tourists, in turn, support various service industries, such as the many hotel employees and individuals working in the transportation, restaurant and special events sector. According to the Las Vegas Convention and Visitors Authority, nearly 400,000 jobs are supported by tourism. Over the last few years, Las Vegas has seen more and more domestic and international travelers come through the city, adding to a robust economy.
In 2019, over 42,000,000 tourists visited Las Vegas, with over 6,500,000 of those attending conventions. Revenue from these tourists totaled into the billions of dollars.
McCarran International Airport likewise reported records. In 2019, McCarran saw over 51,000,000 passengers travel. More and more routes were announced through both domestic and international carriers and Las Vegas became a hot spot destination.
All in all, the last few years have seen tremendous growth in many areas for the Las Vegas valley, a far cry from the economic situation a decade ago.
Contributed by Nicklin Property Management.
Sources: Las Vegas Convention and Visitor Authority & McCarran International Airport