By Derren Joseph
October 12, 2010
One of the top stories in last Sunday’s New York Times was about the tourist Mecca of Las Vegas facing its deepest slide since the 1940s. As I read the story, I reflected on what is happening in our tourism accommodation sector here at home. Let us first touch on what is happening in Las Vegas. Firstly, visitor numbers are down as its usual customers cut back on recreational travel which is natural during a recession. Secondly, real estate and room rates are down. Thirdly, there is rising tourism unemployment as Nevada’s unemployment rates are now the highest in the US. In short, the overall tourism economy in the state of Nevada is under pressure.
Continue reading Tourism in Las Vegas and Trinidad