Las Vegas Sun

November 21, 2014

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Down and out in Las Vegas

The Independent, which is based in London, writes about the economic problems that have been affecting Las Vegas this year saying that the city's problems "all boil down to a single, unavoidable point: right now, far too little happens in Vegas, because not enough people are actually staying there."

The Indepedent Times writes, "The global slowdown, high petrol prices, and a nation-wide housing slump is spelling disaster for a town that owes every aspect of its wealth – from that gaudy replica of the Eiffel Tower to those scale models of Venetian canals and the Pyramids of Egypt – to its ability to inspire free-spending hedonism.

"With Americans cutting back on luxuries, and the price of transport rocketing, the so-called "Vegas vacation" is facing the axe. This week, as the nation celebrated Independence Day, major hotels were taking stock of a fall in all-important room occupancy rates from their usually impressive 95 per cent levels to nearer 80 per cent."

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