SOUTHERN NEVADA TOURISM INFRASTRUCTURE COMMITTEE TESTIMONY October - PowerPoint PPT Presentation

SOUTHERN NEVADA TOURISM INFRASTRUCTURE COMMITTEE TESTIMONY October 22, 2015

NUMERICALLY SPEAKING 1.6MM 2,000 ROOM NIGHTS DEDICATED MEETING PROFESSIONALS 20% $200MM LAS VEGAS DIRECT EBITDA EBITDA 1MM $300 SQ. FT. OF DIRECT REVENUE MEETING SPACE PER ROOM NIGHT

ENGAGED IN THE MEETINGS INDUSTRY

RECENT EXPANSIONS 20,000 SQ. FT. 60,000 SQ. FT. SAN DIEGO RIO 100,000 SQ. FT. 25,000 SQ. FT. ATLANTIC CITY CINCINATTI 110,000 SQ. FT. $350 MM CAESARS PALACE CAPITAL INVESTED

CAESARS SUPPORTS GROWING BUSINESS TRAVEL 84% 89% 16% 11% LEISURE BUSINESS LEISURE BUSINESS 1998 2008 75% 25% LEISURE BUSINESS 2050