It is BIG TIME real. Vegas did it to themselves.
Las Vegas' tourism-dependent economy is hitting the brakes. Visitor volume and consumer spending are tumbling in America's casino capital, and the local unemployment rate is hovering among the highest in the country for big metro areas.
https://www.reviewjournal.com/business/the-whole-town-is-slower-las-vegas-economy-hits-the-brakes-3427769/
Hopefully the vegas casinos will do a u-turn in the near future. Otherwise the downturn will continue.
https://www.casino.org/news/fee-loathing-the-most-maddening-examples-of-vegas-nickel-diming/ (https://www.casino.org/news/fee-loathing-the-most-maddening-examples-of-vegas-nickel-diming/)
Seriously people, watch this.
https://m.youtube.com/watch?v=NndCSi8WDcM
Well laid out with interviews of the 'common people'.
Ready, Set, Don't Go Vegas. Your blowing it. Seriously.
So SPOT-ON was the following comment: "Marketing to the elite, big spenders, is a great strategy until you realize there just aren't enough of them, and you now realize you're business success was built on the everyday consumer/tourist, and those people have moved on to more affordable travel opportunities. Vegas can't afford to cut prices enough to bring back the tourists they have lost. Their business model is broken, and it will be a continuous spiral down to a slow death."
Click on the link below.
https://m.youtube.com/watch?v=wybM85qX_tQ
Great comments, Great reporting, Great points.
I have to agree, the Parking fees and Resort fees were the gateway to the corporate greed and pathways to; Put something in our mini fridge and you are charged, and the $24.00 bottle of water.
"The strip isn't empty cause people forgot about it, it's empty because the house changed the rules and the players walked away. Vegas thought no one would notice, but everyone has!"
https://m.youtube.com/watch?v=bd0AG9doLjY&pp=ugUEEgJlbg%3D%3D