Mandalay Bay Resort & Casino Vice President of Sales and Marketing Richard Harper says that contrary to popular belief, Las Vegas is not a ghost town. “In terms of occupancy, we’re still running in the mid-90s.” The misperception, he says, stems from the fact that Las Vegas lost millions of dollars of potential revenue from […]
During an April 1 colloquy on executive compensation for TARP recipients, Rep. Shelley Berkley (D-Nev.) asked Financial Services Committee Chair Barney Frank (D-Mass.) to clarify whether or not TARP recipients would be allowed to spend money on meetings, events and incentive travel programs. “During the past few months, legitimate business travel for meeting, incentive and […]
Since 1971, the Hard Rock brand has promoted a rock ’n’ roll lifestyle through its restaurants, live music venues, hotels and casinos. This month, it will unveil more than 80,000 new square feet of meeting and event space at the Hard Rock Hotel & Casino in Las Vegas. Previously able to host small meetings only, […]
According to the Las Vegas Convention and Visitors Authority, 340 events have canceled within the past 90 days. That translates to an estimated $131.6 million dollars in lost spending in a city that’s already seen its occupancy rate fall nearly 12 percent from 2008. For more about why companies are gun-shy about meeting in Las […]
Anyone who plans incentive trips knows how essential they are for motivating your sales team and driving revenue. Especially in challenging times, keeping morale high is important. Incentive trips aren’t junkets, they are a reward for high achievers. It is their achievement that pays the bills for the program, not taxpayer money. And those increased […]
Not even the City of Lights can escape the major credit crunch that is jeopardizing three major Las Vegas Strip projects.