The Las Vegas Real Estate Market

Paper Summary:

This paper discusses that, despite the problems of the general world economy, Las Vegas, specifically the hotel industry, continues to thrive. The paper shows the continued growth of hotels in both the high price and the family budget sectors. (Graph included.)

The author points out that, in addition to the hotel sector, the community of Las Vegas is growing rapidly as workers are attracted by the growth in the leisure industry.

Table of Content
Introduction
Brief History
Economy
Transportation/Accessibility/Location
Socio/Economy
Economic/Competitive/Real Estate Analysis
Conclusion

From the Paper:

"It was not until the late 1940s that Las Vegas came into view by political leaders as a potential thriving business. In 1944 Maxwell Kelch became president of the Chamber of Commerce and presented advertising and publicity agencies with offers to promote Vegas. Millions suddenly desired to enter the city of lights after word got out of the sight to see, famous figures and gambling potential. Many new hotels popped up in response to the increased interest in city affairs. M" that were very plain compared to modern standards. However, they eventually grew larger into the giant resorts with which most people are familiar today."

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