Market Overview: Las Vegas

Market Overview

Las Vegas

Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino–hotels and associated entertainment. It's one of the top three leading destinations in the United States for conventions, business and meetings, as well as one of the top tourist destinations in the world. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States. As seen from space, Las Vegas is the brightest city in the world.

The primary drivers of the Las Vegas economy are tourism, gaming and conventions, which in turn feed the retail and restaurant industries. In the past, casinos and celebrity shows were the two major attractions for the area. Now shopping, conventions, fine dining, and outdoor beauty are also major forces in attracting tourist dollars.