HOUSE_OVERSIGHT_018793.jpg
2.06 MB
Extraction Summary
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People
2
Organizations
3
Locations
1
Events
0
Relationships
3
Quotes
Document Information
Type:
Market analysis report
File Size:
2.06 MB
Summary
This document is a market analysis report on the Las Vegas retail sector, providing an economic profile of visitors from 2008 to 2014. It details visitor spending habits, including average costs for lodging, food, shopping, and gambling. Despite the request to analyze it as an 'Epstein-related document', the content is exclusively about Las Vegas tourism economics and contains no information about Jeffrey Epstein or any associated individuals.
Organizations (2)
| Name | Type | Context |
|---|---|---|
| HOUSE_OVERSIGHT |
Mentioned in the document footer (HOUSE_OVERSIGHT_018793), possibly referring to a U.S. House of Representatives comm...
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| Mandalay |
Visible on a building in the background image, likely referring to the Mandalay Bay resort in Las Vegas.
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Timeline (1 events)
2008-2014
Analysis of the economic profile and spending trends of visitors to Las Vegas, including data on visitor demographics, lodging, and expenditures on food, shopping, entertainment, and gambling.
Las Vegas
Las Vegas visitors
Locations (3)
| Location | Context |
|---|---|
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The primary subject city of the market analysis.
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The specific area within Las Vegas that is the focus of the report.
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Used as a benchmark for comparing retail markets.
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Key Quotes (3)
"The Las Vegas Strip has historically outperformed competitive U.S. retail markets and continues to experience very strong absorption of new construction, low vacancy rates, and an abundance of retail tenants seeking to access high-traffic pedestrian locations."Source
HOUSE_OVERSIGHT_018793.jpg
Quote #1
"More than half of the 41 million visitors to Las Vegas each year spend time shopping along the Las Vegas Strip."Source
HOUSE_OVERSIGHT_018793.jpg
Quote #2
"Average per capita visitor spending on shopping, dining and entertainment during 2014 was $815."Source
HOUSE_OVERSIGHT_018793.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (2,298 characters)
Las Vegas Retail Market
Overview
The Las Vegas Strip has historically outperformed competitive U.S. retail markets and continues to experience very strong absorption of new construction, low vacancy rates, and an abundance of retail tenants seeking to access high-traffic pedestrian locations. These factors together with controlled levels of new development will cause significant long-term rent increases across the submarket.
Increasing Levels of Visitor Spending - More than half of the 41 million visitors to Las Vegas each year spend time shopping along the Las Vegas Strip. Average per capita visitor spending on shopping, dining and entertainment during 2014 was $815. As demonstrated in the exhibit below, consumers are allocating a larger percentage of their total spending on shopping and entertainment.
ECONOMIC VISITOR PROFILE 2008 – 2014
Fabulous
2008
2009
2010
2011
2012
2013
2014
Average number of adults in immediate Party
2.4
2.4
2.4
2.3
2.4
2.4
2.4
Proportion of visitors with persons under 21 in their immediate party
6.0%
8.0%
7.0%
10.0%
11.0%
10.0%
10.0%
Proportion of visitors who stayed overnight
99.6%
99.8%
99.3%
99.8%
99.7%
99.8%
99.6%
Days stayed (average)
4.5
4.6
4.6
4.7
4.3
4.3
4.2
Nights stayed (average)
3.5
3.6
3.6
3.7
3.3
3.3
3.2
Proportion of visitors who stayed in a hotel or motel room
94.0%
96.0%
95.0%
95.0%
96.0%
96.0%
96.0%
Number of room occupants
2.1
2.1
2
2.1
2.1
2.2
2.1
Lodging expenditures (average per night)
$101.68
$75.78
$79.64
$84.04
$93.13
$83.62
$86.55
Proportion of visitors who bought a package or travel group trip
15.0%
15.0%
16.0%
18.0%
14.0%
13.0%
18.0%
Average cost of package per person
$746.69
$640.29
$651.02
$757.83
$743.65
$868.24
$815.14
Average trip expenditures of food and drink
$273.39
$250.32
$256.82
$274.69
$256.11
$278.95
$281.88
Average trip expenditures for local transportation
$59.26
$53.31
$62.87
$64.25
$57.77
$59.68
$68.83
Average trip expenditures for shopping
$121.90
$101.97
$122.80
$129.34
$149.29
$140.90
$149.77
Average trip expenditures for shows
$51.64
$39.87
$49.28
$47.52
$42.89
$38.45
$47.56
Average trip expenditures for sightseeing
$7.12
$5.77
$7.21
$10.24
$9.63
$9.29
$14.49
Average trip gambling budget
$531.98
$481.57
$466.20
$447.63
$484.70
$529.57
$530.11
2009
2010
2011
2012
2013
2014
Average number of adults in immediate Party
2.4
2.4
2.4
2.3
2.4
2.4
2.4
Proportion of visitors with persons under 21 in their immediate party
6.0%
8.0%
7.0%
10.0%
11.0%
10.0%
10.0%
Proportion of visitors who stayed overnight
99.6%
99.8%
99.3%
99.8%
99.7%
99.8%
99.6%
Days stayed (average)
4.5
4.6
4.6
4.7
4.3
4.3
4.2
Nights stayed (average)
3.5
3.6
3.6
3.7
3.3
3.3
3.2
Proportion of visitors who stayed in a hotel or motel room
94.0%
96.0%
95.0%
95.0%
96.0%
96.0%
96.0%
Number of room occupants
2.1
2.1
2
2.1
2.1
2.2
2.1
Lodging expenditures (average per night)
$101.68
$75.78
$79.64
$84.04
$93.13
$83.62
$86.55
Proportion of visitors who bought a package or travel group trip
15.0%
15.0%
16.0%
18.0%
14.0%
13.0%
18.0%
Average cost of package per person
$746.69
$640.29
$651.02
$757.83
$743.65
$868.24
$815.14
Average trip expenditures of food and drink
$273.39
$250.32
$256.82
$274.69
$256.11
$278.95
$281.88
Average trip expenditures for local transportation
$59.26
$53.31
$62.87
$64.25
$57.77
$59.68
$68.83
Average trip expenditures for shopping
$121.90
$101.97
$122.80
$129.34
$149.29
$140.90
$149.77
Average trip expenditures for shows
$51.64
$39.87
$49.28
$47.52
$42.89
$38.45
$47.56
Average trip expenditures for sightseeing
$7.12
$5.77
$7.21
$10.24
$9.63
$9.29
$14.49
Average trip gambling budget
$531.98
$481.57
$466.20
$447.63
$484.70
$529.57
$530.11
51
MANDALAY
HOUSE_OVERSIGHT_018793
MANDALAY
HOUSE_OVERSIGHT_018793
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