why vegas so expensive next weekend? - Las Vegas Forum

Las Vegas has become one of the 'fastest growing big cities in the US', but Las Vegas has not yet dealt with the economic downturn (Stein). Indeed, Las Vegas was greatly affected by the recession and in 2009 the number of las vegas travels and games jumped sharply. The Las Vegas Convention and Visitors Authority saw the number of visitors down by 4.4% in 2008 to 37.5 million, the number of residents down 4.4%, 86%, and the average home price of the day was down 9.8% to $ 119.19 ( Velotta). These declines are attributed to freezing credit markets, rising unemployment rates and increased volatility in fuel prices, leading to lower consumer confidence and lower tourism and tourism spending.

One of the noteworthy things about Las Vegas is that there is no off season for sightseeing. Indeed, an average of 43 million people visit Las Vegas each year. Since nearby states Americans drive to Las Vegas for a short weekend visit, celebrate Super Bowl, Crazy March and New Year, international tourists always come to town on a holiday not to mention domestic travel. Las Vegas has many attractions such as Las Vegas Strip, Fremont Street experience, and helicopter rides to Las Vegas and the Grand Canyon making Las Vegas one of the most popular tourist destinations in the country. One of the places, this will further promote economic growth. As a result, the real estate market in Las Vegas is one of the most popular markets for real estate investors investing in leased property in Airbnb.