https://www.reviewjournal.com/busine...rport-3421164/

Great story in the RJ with details on where the decline is coming from. Also ties into the Spirit thread and backs my theory that it’s the lower end customer being responsible for much of the drop in visitation, which really isn’t affecting gaming win, or the mid to higher end hotels.

The foreign non Canadian numbers, mainly Asia also show that the type customers Vegas wants and needs are still coming in record numbers.

Which going full circle comes back to my point that YouTube grifters and “influencers” are pushing the story for clicks and profits. And a lazy media is picking up the story without doing any research into it other than repeating some numbers without context.

And YES, food and beverage pricing is out of control!

Here are the main takeaways from the story.

“ Van Over said Tuesday that Spirit currently has 50 planes grounded because of maintenance issues.
“They have an issue with their (jet) engines.” Van Over said. “They have to pull that engine off the plane, fix the cracks, put it back on the plane, and that whole process takes about 300 days. So obviously they can’t just do a plane a year because it would take them 100 years to get that done.”

“ Spirit’s issues have been the main reason for Las Vegas’ capacity contraction”

“ Canada comprises the biggest share of international visitors to Las Vegas. Despite the decline from America’s northern neighbor, Las Vegas has seen a 31.7 percent increase in airline capacity from Asia, a 21.6 percent increase from Europe excluding the United Kingdom, and a 19.2 percent boost from Mexico”

“ Joel Van Over, senior director of Ailevon Pacific, told board members that most of the projected 2 percent decline in international arrivals at Reid can be attributed to the projected 18.5 percent drop-off in traffic from Canada.
Van Over, in his 20-minute presentation, said the number of inbound seats from Canada has fallen to an average of 2,412 a day”