August 15, 2020
There is worry in Nevada about how Coronavirus has slowed tourism, and a major component in creating tourism is conventions. So can Las Vegas survive without trade shows dumping millions into the economy?
Major gaming and resort companies like the Las Vegas Sands, MGM Resorts, and Wynn Resorts all emphasized on second quarter earnings calls that the convention business is a cash cow. And in the face of COVID-19 the loss of that vital business line has put the city in a bad spot.
June was the third consecutive month without convention attendance. While that is largely tied to Nevada Coronavirus protective measures banning group gatherings of more than 50 people, there is also concern that corporate fears could keep convention business subdued even when state restrictions relax.
You can read more about the question can Las Vegas survive the pandemic at Skift.
Related
