Browsed by
Category: Casino development

The Millennial Problem Revisited

The Millennial Problem Revisited

For GGB By Jeff Hwang Are rising room rates already impacting gambling budgets and visitor volumes? Last time, we discussed the possibility that the literal destruction of the low-end hotel supply—along with the rapid rise in hotel room ADRs (average daily rate)—on the Las Vegas Strip could serve to price out many millennials and stunt visitor growth into the future, where: Virtually every new Strip project built or proposed in the current millennium has been 4- or 5-star supply. We imploded…

Read More Read More