VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: https://www.ifoldsflip.com/i/67545
MAY 28, 2012 / YOUR BUSINESS-TO-BUSINESS WEEKLY EMPLOYERS/ EMPLOYEES SPECIAL FOCUS This month, VEGAS INC highlights the workplaces and employees. LAS VEGAS ROOM TAX REVENUE MAY GROW IN 2013 By Delen Goldberg staff writer V Las Vegas isitor volume to Las Vegas is expected to grow again in 2013, marking the third straight year of increases. The Convention and HITTING THE STRIP: Millions of people visit Las Vegas each year, some spending money with little worries while others are looking for a fun vacation on a budget. TOM DONOGHUE / DONOGHUEPHOTOGRAPHY.COM Perception varies on Las Vegas as a destination WHAT THEY'RE THINKING By Danielle Birkin A s Southern Nevada fights to rebound from the recession, Las Vegas continues to spend stag- gering sums on advertising, marketing, promotions and public relations to maintain the city's status as one of America's most popular playgrounds. ¶ So what's the public perception of Las Vegas these days, and what do folks really think of the city as a destination? ¶ Catharine Hamm, travel editor of the Los Angeles Times, weighs in on those questions from the perspective of a dynam- ic demographic — Southern Californians — that comprised some 26 percent of total visitors in 2011, according to statistics compiled by the Las Vegas Convention and Visitors Authority. SEE VEGAS, PAGE 15 • Established in 1980 • www.teglv.com • Completed over 37 REO assets or loans since March 20 10 Completed over $400 million in commercial real estate transactions since 2007 • List over 80 properties Brokerage 6018 S Durango Dr. Ste 110 • Las Vegas, NV 89113 • P. 702.369.4300 F. 702.798.4340 Visitors Authority anticipates collecting 5 percent more in room tax revenue in 2013 than this year. On May 17, board members adopted a budget that includes the additional funds. Room tax collections rose by 14 percent each year in 2011 and 2012 after a spectacular collapse in 2009 and 2010. If the upward trend continues, even by smaller margins, Las Vegas should see revenue equal to peak 2008 levels in a handful of years. helps of Revenue generated from room tax further Vegas The bringing more and helps schools, municipalities. INSIDE TODAY to Las authority pumps millions the LVCVA's mission tourists local residents. into transportation projects and CYBERSECURITY | P. 7 Staying vigilant with security measures critical when it comes to online gambling. MATTER OF TRUST | P. 20 Columnist Bruce Spotleson points out that reputation goes a long way in health care. THE LIST| P. 22 This week: Homebuilders COMMERCIAL REAL ESTATE Sales • Leasing • Investment • Close over 10 deals per month • Closed over 120 transactions in 2011