The hotel industry in Las Venegas has been in a free fall for years and, according to one hotel executive, it is only going to get worse.
“The demand is so low, you’re not going to be able to find anything,” Lana Todaro told MSNBC.
“There’s only so many hotels in Vegas.
It’s just too hard.”
Todaro, a former senior executive at Marriott, says she has heard rumors of multiple hotel chains in the Las Vegas area being closed for lack of room, but she doesn’t believe this is true.
“The industry’s been in free fall since 2010,” she said.
“We’ve been trying to get more room, and it just keeps going down.”
While the shortage of room in the hotels is not a new phenomenon, it has become especially acute in recent years.
Hotel occupancy has been on the decline for the past several years, as the number of hotel rooms has declined.
The decline in hotel room occupancy in the US is the highest it has been since the Great Recession began in 2007.
But that trend is changing as hotel occupancy rates have increased over the past decade, with the US economy becoming more diversified.
“It’s a little bit different in Vegas because people don’t have to worry about their job,” Todarro said.
Despite the fact that she does not believe that hotels are closed, she does believe that the industry is in a downward spiral.
“[There is] no doubt that we have a lot of competition for rooms, and we’re going to see more competition for hotel rooms,” she added.
“It’s just hard to find hotels that are affordable to a normal hotel guest.
It will become harder to find rooms and it will become more expensive to stay in hotels.”
Hotels have been forced to compete with the growth of other tourist destinations in the United States, such as Las Vegas.
The trend is likely to continue, as more people will flock to Las Vegas to spend more money on lodging.
One hotel industry executive who spoke with MSNBC said that hotels have not had the luxury of competing with other tourist attractions in the past.
He also pointed to the growing number of tourists who are traveling to Las Venecas, including the recent Super Bowl.
According to an NBC News poll from April, 51% of Americans plan to visit Las Vegas in 2017.
In addition to the demand for rooms in the casinos, hotels have also been affected by the economic downturn.
Since 2010, hotel occupancy has declined by about 10% in Las Cruces, New Mexico, and Albuquerque, New York.
Meanwhile, hotel room prices have increased by a whopping 37% since 2010.
While these two trends are undoubtedly changing hotel occupancy in Las Vegas, hotel owners are not happy.
John O’Brien, CEO of Las Venetas Hotel, said he is not confident that hotel room demand will increase as the economy recovers.
“There’s no question that we need to look at our occupancy rates, but we have room for about 2,000 guests at any given time, and that’s where the problem is,” O’Briensaid.
O’Brien added that hotel occupancy is going to continue to drop for the foreseeable future.
Even if occupancy rates increase, the problem remains: “If the economy picks up, then hotel occupancy will continue to fall.
That’s just not going happen.
That is not going right,” O”Brien said.