Southwest Has Good News for Caesars, MGM, and the Las Vegas Strip
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The Consumer Electronics Show drew only 15% to 20% of its usual attendance. Business travelers are still absent from Las Vegas. The same happened at the Specialty Equipment Market Association show and World of Concrete. Southwest Airlines executive reports that the industry is slowly recovering. - Get Southwest Airline Report. It's because of the indoor mask mandate that Las Las Vegans are no longer wearing them.
Las Vegas saw 3.1 million people fly into Reid in January. That's more than double 2020's January passenger count. Southwest Air's business-travel unit vice president Dave Harvey believes Las Vegas can expect a quick comeback. The spring is going to be very robust. The omicron surge fading and the second half of 2022 and a full comeback in 2023 are the main reasons for Harvey's optimism.
MGM has sold Mirage to Hard Rock International and acquired Cosmopolitan. Caesars completed renovations on the entryway to Caeresars Place and plans to transform Bally's into Horseshoe. Baly's/the new Horsehoe sits on Las Vegas Strip.
