Demand for Vegas Strip hotel rooms remains strong
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(Jon Hicks/Getty Images) |
Demand for Las Vegas Strip hotel rooms shows no signs of slowing this spring, according to a Truist Securities survey. Room rates for MGM Resorts International and Caesars Entertainment have risen, with MGM up 3% and Caesars up 6% in the first quarter, despite recession fears. "This suggests to us that recent underperformance of Buy-rated MGM stock at 2.5-year low and Caesars stock at a five-year low may be overdone -- though we are monitoring for any meaningful consumer shifts," writes Truist analyst Barry Jonas.
Full Story: CDC Gaming Reports (3/16The Game Developers Conference has returned to San Francisco's Moscone Center, expecting 30,000 attendees and generating significant economic impact, but San Francisco's travel sector is concerned that the Trump administration's policies will set back international travel for such meetings. "We were hoping to see a robust return" of international visitors this summer, said Anna Marie Presutti, CEO of San Francisco Travel, but "it's going to be volatile."
Full Story: San Francisco Chronicle (tiered subscription model) (3/17), Wired (tiered subscription model) (3/14) Sitka, Alaska, residents will vote May 30 on a proposal to limit cruise ship visitors to 4,500 per day and 300,000 annually, with port calls restricted to six days a week starting in 2026. The initiative, driven by the local group Small Town Soul, comes as cruise traffic has surged post-pandemic, reaching 585,000 visitors in 2023. Full Story: Travel Weekly (3/18)
Hyatt has established the Wellbeing Collective Advisory Board, featuring figures like Deepak Chopra and Ally Love, to enhance wellness offerings for meetings and events. The board aims to introduce wellness retreats at select hotels to foster deeper connections among participants. Full Story: Travel Weekly (3/18) |
Rocky Mountaineer has renamed its US luxury train the Canyon Spirit and will extend its route to include Salt Lake City starting in April 2026. The three-day journey between Denver and Salt Lake City will feature stops in Glenwood Springs, Colo., and Moab, Utah. Full Story: Travel Weekly (3/18) U.S. Travel Association has praised the nomination of Republic Airways CEO Bryan Bedford to lead the Federal Aviation Administration, saying his decades of experience in aviation will help him lead the agency through a period of modernization. "Bedford is an outstanding candidate to lead the FAA through this historic transformation and work with the administration to usher in a 'Golden Age of Travel,'" said President and CEO Geoff Freeman. Full Story: TravelPulse (3/18), Travel Market Report (3/18), CNBC (3/17), Frontier Airlines is aiming to attract Southwest Airlines customers with a promotion that includes a free checked bag for flights between May 28 and Aug. 18. Frontier is also offering a free carry-on, seat selection and flight changes as part of what CEO Barry Biffle calls the "ultimate 'divorce your old airline' deal." Full Story: The Wall Street Journal (3/18), CNBC (3/18) Maximize your brand exposure at U.S. Travel’s premier events Expand your reach and connect with key decision-makers through U.S. Travel’s strategic sponsorship opportunities. Whether your goal is to elevate your brand, build relationships with industry leaders or position your company as a thought leader, U.S. Travel provides the platform to drive success. Explore upcoming opportunities at Destination Capitol Hill and IPW to position your organization at the forefront of the industry. Learn more. |
