Thursday, April 8, 2010

What recession??

I was in Vegas last weekend. The Forum shops were packed with people. The clubs were hopping. The casinos were filled with people gambling. Restaurants were crowded. The sidewalks were jammed. All seats on the airplane were filled.





The only noticeable differences I saw were generally lower table minimums. There was $10 craps at Bellagio, Wynn %26amp; the Venetian (except on Friday %26amp; Saturday night) And we didn’t need reservations to get into any restaurant.





I expected to see noticeably thinner crowds %26amp; big sales at all of the shops.





When I went to New York City in January, signs of a crappy economy were everywhere. Empty restaurants. Every fancy store in Soho had sales of up to 50% off. The streets weren’t crowded. It felt like a recession.





Not in Vegas. It LOOKED like the money was still flowing …





Just my impression from a 5 day stay. Trip report to follow …



What recession??


We noticed the same in New York City in November. We got a steal on our hotel there.



What recession??


That was the weekend. It%26#39;s not the same during the week. There were a lot of situations where we were the only people. Also, just because you see people doesn%26#39;t mean they are spending the same they were a year ago.




bring on that TR Truman




i was there a couple weeks ago, and it was empty. only friday evening at 10 did we see it fill up. kinda scary. every hotel out there is hurting. MGM corp. stock is down HUGE!!!




That;s a good thing to know! I appreciate you giving a positive take on it for once. Everyone is so depressing about it, but I am glad to hear what you had to say. 5 days is a good amount of time to get an impression on things!




';And we didn’t need reservations to get into any restaurant.';



On a weekend---there%26#39;s your answer. Last year on the same weekend you would be waiting in line.



No one is saying Las Vegas is a ghost town. But even if MGM is ONLY 60% occupied this means there are still 3000 rooms in use.



Speaking of rooms, how much did you pay for yours? In addition to occupancy, the average room rate is WAY DOWN, and this doesn%26#39;t even count the unusually high amount of comps.




It wasn%26#39;t only the weekend. It was also Monday and Tuesday.





People spending money everywhere.





I will say that this was only my impression. It isn%26#39;t scientific by any means.





I understand that revenues are down in the casinos %26amp; hotels.





But it isn%26#39;t all doom and gloom on the strip. There is still a lot of life in Vegas.




Funny because in January when we arrived on our usualy Sunday morning flight (which granted is usually less crowded) the airport was like a gohost town. That trend continued all week. In fact, when we arrived at McCarran and there was less than 50 people in baggage claim we started to wonder if we were in one of those horror movies where everyone on the earth died except for the few people around you. In many trips to Vegas it was noticable to us.




We went to Atlantic City and checked in Caesar%26#39;s on a Monday. We saw about 50 people the entire evening at the casino. All the restaurants were closed. We finally grabbed a fast-food type burger at the snack bar of an adjoining casino.





We went back to AC, Thursday evening through Friday. All the Trump casinos were dead. Harrah%26#39;s was PACKED, and Tropicana was moderate.





Maybe that%26#39;s normal for AC during late-November.????




It could also be that there was a race or special event (or both) in town this past week that I was unaware of.





Perhaps it was a fluke -- just a busy week.


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