BluefoxToday blog : Off-Strip hotels attract conventions

Off-Strip hotels attract conventions

Las Vegas is all about the Strip. Everybody knows what the Strip is, and means. To many visitors it's the only game in town, and why not? There certainly is within walking distance a whole slew of things to do, day and night.

Lately, though, several outlying properties in the valley have deftly created a niche market for themselves, not so much in gaming and entertainment, but in conventions. That business nowadays plays a major role in the city's diversifying economy, bringing in huge revenues every year. Among them are JW Marriott Las Vegas, Green Valley Ranch Resort in Henderson, South Point and Red Rock Resort. In the meeting industry they all can be categorized as mid-size in actual available space which is perfectly suited to what they want to do.

These venues appeal to the smaller conventions which generally get "lost" in one of the larger Strip hotels that continuously cater to larger events, starting, say, at 1,000 attendees and on up. People will enjoy the more personalized service they are treated to at these niche properties. Perhaps the best draw they have to offer is that conventioneers typically are more attentive and productive while attending them due to fewer distractions that the Strip environment can be full of.

Some companies that have considered taking their events out of the Strip for out-of-town locations have decided to stay and hold them at these suburban hotels. So, losing a convention there doesn't necessarily mean Las Vegas will lose it, which is a good thing. The market segment is right now doing very well and the future looks bright, too.

 

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Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 5 commentsEsko Kiuru • February 24 2008 01:01PM

Comments

Esko, sounds like they have found themselves a nice little niche.  Who knows this might just be the start of other businesses also moving to the out skirts of town.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 10 years ago

George,

This movement is doing very well right now.

Posted by Esko Kiuru over 10 years ago
Hi Esko - I am in Mesquite.  We get a lot of overflow from Las Vegas conventions and events.  Right now, our hotels get filled with Nascar fans.  Some find it is easier to stay in one of our little casino hotels and drive to Nascar from here and miss the traffic in Vegas.  So we are getting business from your business.  And some of these Nascar fans tell me it is a 40 minute drive!  I guess if they are driving at Nascar speeds, it could be.  In that case, Mesquite could be considered a suburb of LV.  My teenager told me once that it is a 45 minute drive from here to the airport.  Yes, I took away her car keys.  Thanks for the post.
Posted by Virginia Hepp - Mesquite NV REALTOR, Mesquite NV Homes and Neighborhoods - Search MLS (ERA - Mesquite NV Homes For Sale) over 10 years ago

Virginia,

Looks like your teenager is properly Nascar-trained.

Posted by Esko Kiuru over 10 years ago
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Posted by ngmvtoimgl about 7 years ago

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