BluefoxToday blog

Las Vegas trends - the lobby bar


Las Vegas trendsThe term lobby bar generally has very little luck in getting anyone honestly excited. Major hotels in Las Vegas and beyond have one somewhere within a short stroll from the front desk to give you a hand in quickly dousing your thirst or need for a temporary boost. Typically they're not much to look at, only a space with lots of bottles of liquor on display in front of mirrors and clean glassware throughout. And maybe a couple of micro-brew beer taps.

Vegas is moving in a slightly different direction now. The idea is to make the lobby bar a destination you can spend quality time in. Not just come and go. The Galleria bar at Caesars is attracting a steady stream of hotel guests, shoppers from around the property, some locals and resort visitors. During the day it's a place to sit down and relax and people-watch, which is often entertainment in itself. At night there is sensible entertainment that allows quiet conversation, if that's what you prefer.

MGM Grand's answer to the challenge is Zuri. It's decor is rather appealing with severely padded couches, chairs and foot stools and there is real floor space between them, too. Daytime guests include conventioneers who come in to start a deal, maybe even involving residential real estate, work on a deal or close a deal. Those who have no deal to work on, just mingle. Hotel guests frequently choose to plan their day on the premises or meet one another there. At night it has carved itself a niche as an after-dinner destination. To give the bar atmosphere a variety of music is piped in that is kept low to accommodate proper interaction.

The concept has been a hit. The trend is catching on along the Strip. Lobby bars used to be break-even missions but are now slowly turning into revenue generators. They add a new flavor to any resort in the fierce competition for customers. The casino was the king in the past but is gradually seeing its role diminish as other features, the latest being the revamped lobby bar, move in to claim territory.


Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst - syndicated mortgage, housing and property management blog
My cell: 702-499-1006

Comment balloon 0 commentsEsko Kiuru • May 23 2007 01:58PM
Las Vegas trends - the lobby bar
The term lobby bar generally has very little luck in getting anyone honestly excited. Major hotels in Las Vegas and beyond have one somewhere within a short stroll from the front desk to give you a hand in quickly dousing your thirst or need for a… more
FICO formula upgrades
FICO tweaks its secret credit-rating formulas every so often and now they have another one coming up in September. Many of us think that FICO only helps out in the residential real estate business, mortgages that is, but their score carries a lot… more
MGM Mirage's CityCenter in play
The just announced bid to buy the CityCenter and the Bellagio comes out of nowhere and catches resort industry observers by surprise. CityCenter is the mammoth development on the Strip that will include thousands of luxury high-rise condos, several… more
Vegas success on the line?
Las Vegas is a tourist town. Has been and will be. Although the local economy is gradually diversifying into other service industries, distribution and high tech, it's still largely supported by the 39 million visitors who make their way here… more
Existing building energy reduction program
Green housing advocates are applauding loudly. And they should be. There was a rather important summit in New York recently where some large organizations got together to align their policies to combat the headline-grabber of today, global warming… more
All real estate is local
It sure seems that way when you look at different real estate markets across the land. Some areas are up, some flat and some are heading south. Little bit of everything. Cities that are doing well, meaning price appreciation is above national… more
Subprime mortgage difficult to restructure
As the foreclosure numbers keep climbing for subprime mortgage holders, the lending industry is facing a major dilemma. Congress and others are almost daily making demands that it should work with delinquent borrowers and help them restructure… more
Las Vegas real estate market soft
The statistics are in for April and the news are pretty much the same as they've been for months now. The residential real estate market here is under the weather. Lets take a look at some of the actual numbers. Home Builders Research counted 1, 568… more
FICO primer VII
This is the seventh part on how FICO works. To be able to fully follow the flow of discussion it would be to your benefit to first read FICO primers I II III IV V and VI This is the last segment of the FICO tutorial. Long journey, wasn't… more
Is a home an investment?
Traditionally home ownership is considered a place to live, a roof over your head, a social phenomenon. What else? It's psychologically uplifting because you're now effectively in complete control over the four walls and a top that you occupy. You… more