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Article: Las Vegas a safe bet for expanding retailers. (Ten hot retail markets: Las Vegas).(Brief Article)(Statistical Data Included)
- Article from:
- Mass Market Retailers
- Article date:
- June 17, 2002
CopyrightCOPYRIGHT 2002 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS--Las Vegas remains a safe bet for expanding retailers. This desert city remains the fastest-growth metropolitan area in the nation, and while its economy was shaken by the decline in travel and tourism that followed the September 11 terrorist attacks, a recovery quickly followed.
Las Vegas saw a 2.3% decline in visitors, to 35 million, in 2001. That was the first drop since 1982, according to the Las Vegas Convention Visitors Authority. In September 2001 the number of visitors fell 14.1% from the preceding month.
But within six months the local economy was rebounding. And along with the pickup in gambling and tourism, the local economy has ...