The second-best March ever! But… visitation was down 1.7% (to 3.6 million people) compared with a year ago. A number of visitation stats showed double-digit percentage declines including convention attendance, meetings held, revenue per available room (RevPAR) and downtown average daily room rates, according to Rick Velotta at the RJ, who notes that the primary… Read more »
Monthly Archives: April 2015
In Clark County, Baccarat win was off 33.5% from one year ago. (Who among the winners wants to buy us dinner…?) Gaming win on the Las Vegas Strip dropped by 9.6% in March (casinos won $507 million), but the win Downtown was up by 4.6% ($53.6 million). The Boulder Strip bested the rest in Southern Nevada; it was… Read more »
Nevada’s unemployment rate remained 7.1% for the third straight month in March 2015. The state economy added 5,100 jobs compared to February. Relative to February 2014, the Nevada economy has added 36,300 jobs and the unemployment rate has fallen by 1.1 points. Y-O-Y job growth in the first two months of 2015 has been 0.8 points slower than… Read more »
ICYMI, the Nevada Department of Taxation is out with the latest year over year (YOY) taxable sales stats. Here are some highlights: Total taxable sales rose to $3.83 billion in February, up 9.1% compared with $3.51 billion in Feb. 2014, Sales among electronics and appliances retailers jumped to $92.6 million, up 31.3% from $70.5 million… Read more »
Here’s a little sunshine for you going into the weekend. Statista says consumer confidence about fiscal stability in their golden years is up: You can always find more fun statistics and charts at Statista.
The Stat Pack, a monthly e-newsletter co-published by RCG principal John Restrepo and HighTower Las Vegas managing partner Mike PeQueen, is up. Go see.
Heard enough about STEM jobs yet? No, you say? Too much is never enough, you say? Read on, then, and learn where the country’s biggest tech job gains lie. As reported recently by newgeography.com (NG), from 2004 to 2014 the number of tech-related jobs in the U.S. “expanded 31% faster than other high-growth sectors like health… Read more »
“While one data point does not a trend make,” says RCG friend and colleague Frank Nason, “the increasing amplitude in weekly closings combined with a look at March closings for all three [residential housing] product types makes me think the resale market is truly stabilizing.” Frank added that the lack of inventory seems “problematic but is national… Read more »