It’s no surprise that Las Vegas tops the list of specific places leisure travelers are most looking forward to visiting in 2023, according to a study released earlier this month by decision intelligence firm Morning Consult.
In addition to hosting the inaugural NCAA Division I Men’s Basketball Tournament Sweet 16 rounds on March 23 and 25 and the Formula 1 Heineken Silver Las Vegas Grand Prix November 16-18, the city will also host several high-profile events. Collect the opening of the new year.
The most visible change to Skyline next year is the MSG Sphere, scheduled to open in Q4 2023 with a performance by U2. His 17,500-seat theater, which cost him over $2 billion to build, will host bespoke live and/or recorded attractions, musical residencies, corporate events, and esports.
A 67-story shell of a building north of the Las Vegas Strip for over a decade, the 3,700-key Fontainebleau Las Vegas promises a late 2023 debut. When finally ready, it will house a 173,000-square-foot casino and he 90,000-square-foot shopping precinct.
In addition to these two headliners, an even more modest opening is slated for 2023.
A suburb of Station Casinos on the west side of the Strip, the Durango Casino & Resort is 15 stories high and features more than 200 hotel rooms, as well as convention and meeting space.
The rebuilding of The Plaza’s downtown façade is set to be completed in 2023, and guest rooms are being renovated at both Wynn Las Vegas and New York, New York.
Live entertainment is one of the things that Las Vegas is best known for, and 2023 will bring industry heavyweights to the desert as usual.
In addition to U2 at the aforementioned MSG Sphere, Allegiant Stadium will host Taylor Swift for concerts on March 24 and 25. Additionally, Miranda Lambert will have a residency at the Zappos Theater at Planet Hollywood Resort & Casino, Garth Brooks will begin her residency at the Coliseum at Caesars Palace in May, and Carey Underwood will have another at Resorts World Theater in June. return to the residency. Some music festivals also draw large crowds. EDC will be held from He May 19th to Hell 21st. Life is Beautiful, September 22-24. And on October 21st when we were young.
what it means economically
Amanda Bellamino, assistant professor of hospitality at the William F. Hara College of Hospitality at the University of Nevada, Las Vegas, said diversifying attractions through sports, headliner residencies and other facilities was the biggest success story for Las Vegas in recent years. says there is. .
“We’ve weathered the past few years better than anyone expected. Hopefully that’s a good sign.” [going into 2023]’ said Bellarmine.
Final stats on ADR and visitor numbers won’t be available for another two months, but what interests Belarmin most is the game’s revenue numbers, which have skyrocketed this year.
“This astronomically high game revenue is amazing for the city,” said Belarmino. “It’s a better indicator of some of the strengths and some of the changes we’ve seen in the post-pandemic years.”
Visitors are spending less money on gambling and more on other types of entertainment leading to the pandemic, she noted.
“But that’s not what we’re looking at right now…if you look at everything holistically and say, ‘Why do people come here?’ Should I make different business decisions?”
Inflation remains a concern heading into the new year, she said.
“Inflation hasn’t had as much of an impact as we thought it would, but I think it will. Part, what other economic data will be released,” said Belarmino.