More Hotel Industry News

Hotel Industry News

Detroit, MI -
Las Vegas Sands is in talks with Detroit officials about taking over convention business to revamp or replace the Cobo Center facilities.  Other Hotel & Casino companies are also looking at acquisitions in the

Las Vegas, NV - Harrah’s Entertainment
Harrah’s Caesars is selling off 4 hotel casino properties to a private investment group. The properties are all located outside of Las Vegas.

Harrah’s for the fifth consecutive year has received more accolades than any other casino operator according to Casino Player’s Best of Gaming Awards.  A total of 255 first-place awards were garnered.
For more details see: Harrah’s Hotel Casinos Win More Awards

Las Vegas, NV - Boyd Gaming
Boyd Gaming headquarted in Las Vegas has named Thomas Roberts General Manager of its newly acquired Shreveport hotel & gaming facility.  Roberts has been known in Las Vegas as the founding GM at Caesars Forum Shops and more recently VP of leasing for Rio Suites Hotel & Casino. The new Boyd facility opened its doors as of the end of May, 2004
For more details see: Boyd Gaming Hotel Industry News

Las Vegas, NV - Michael Wallace
 - Hotel industry experts find that higher occupancies are being realized for 2004 than what was initially expected. It has also been reported that in Las Vegas, hotel guests are increasingly spending more on dining and entertainment related activities than on gaming. Most Las Vegas hotels are now seeing a majority of their revenues coming from something other than gaming. Industry experts expect hotel executives to make moves to increase gaming revenues over the next few quarters.

Las Vegas, NV - UNLV William F. Harrah Hotel School
University of Nevada at Las Vegas Harrah Hotel School is hosting the Las Vegas International Hospitality & Convention Summit this summer. The summit will feature briefings and presentations of academic research on various hotel industry topics. Registration is limited to 200 attendees.
For more details see: Las Vegas International Hospitality & Convention Summit

 - Las Vegas turns 100 years old in 2005, and the city of Las Vegas announced that it will throw the biggest, most lavish, and most extravagant birthday party, ever!  Events and parties at various hotels are expected to reach their peak, at the same time as the Las Vegas temperatures do every year, in the summer of 2005.

 - 2003 proved to be the 2^nd busiest year ever in Las Vegas history. The count for Las Vegas visitors came to 36.3 million. This is an improvement over last year.  Tourism officials expect another banner year for 2004.

 - The most notable business activity for news this year in the Las Vegas hotel and entertainment industry seems to be in the Ultra Lounge Scene.  There has been a proliferation of what the Las Vegas hotel pr firms have coined the term “ultra lounge”. What this really means is that there is a lounge/bar/nightclub all in one. We’d prefer to label the ultra lounge as a “versatility lounge”.  Apparently, “Ultra” sounds better than “Versatility”, but that’s what it is. The Las Vegas Hotel Ultra Lounge is nightclub able, but still able to deliver conversation without ear-shout.  One can also reserve a table at an ultra lounge and buy $200+ bottles of vodka or hang out at the bar and buy $7+ drinks.  It’s all about versatility at the new Las Vegas hotel ultra lounges.

More Las Vegas News

 - Lake Mead continues to lose elevation in water as drought conditions and population growth strains water levels.  The lake is expected to lose 12 feet in 2004.

 - United Airlines will move Dulles to Las Vegas service to its new low-fare subsidiary.  This is a bid to compete better against low-fare carriers America West and Southwest Airlines. This will also allow for an additional dailly flight to Las Vegas.

For more see: Las  Vegas Hotel News