Proceed…with caution
A report by Deutsche Bank says McCarran International Airport won’t be able to handle the flood of flying visitors anticipated by hotel operators planning massive new resorts as early as 2010. The report further speculates that if hotel development continues at its current pace, Las Vegas resorts could face a shortfall of up to 7 million visitors annually by 2017. That could lead to “customer poaching” by the new resorts of existing casinos to make up the difference.
If the report is correct in its assumptions, and things do not change in the near future, some developer may need to rethink their game plan in terms of bring more new rooms online. To read more, read Report: Las Vegas airport crunch could slow down tourism” in the Las Vegas Sun.