Economic Data Sample Clauses

Economic Data. General economic data included but not limited to inflation rates, sales price, home price appreciation, and build costs, are uploaded on a weekly, monthly, or quarterly basis. The frequency of the updates is based on the particular data source. Data sources include the United States Bureau of Labor Statistics, RS Means, LoopNet, and others.
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Economic Data. The Las Vegas economy is closely linked to tourism and gaming. The most significant economic indicators are related to visitor volume, conventions, gaming revenue, and total visitor revenue. The following is a summary and analysis of this data. TOURISM AND GAMING STATISTICS YEAR VISITOR VOLUME CONVENTION ATTENDANCE GAMING REVENUE TOTAL VISITOR REVENUE 1996 29,636,361 3,305,507 $5,783,735,000 $22,533,257,750 1997 30,464,635 3,519,924 $6,152,415,000 $24,952,188,808 1998 30,605,128 3,301,705 $6,346,958,000 $24,577,469,254 1999 33,809,134 3,772,726 $7,209,032,000 $28,613,196,893 2000 35,849,691 3,853,363 $7,671,252,000 $31,462,337,364 2001 35,017,317 4,095,635, $7,631,761,000 $31,555,924,204 2002 35,071,504 5,105.450 $7,630,996,000 $31,573,744,866 2003 35,540,126 5,657,796 $7,831,464,000 $32,777,732,318 2004 37,388,781 5,724,864 $8,710,976,000 $33,723,919,453 2005 38,566,717 6,166,194 $9,709,408,000 $36,725,853,851 2006 38,914,889 6,307,961 $10,643,206,000 $39,419,205,580 Source: Las Vegas Convention and Visitor’s Authority Area/City Description and Analysis File #07-377 LUBAWY & ASSOCIATES, INC. From 2005 to 2006 visitor volume (+3.2%), convention attendance (+7.7%), gaming revenues (+11.5%) all increased significantly. It is anticipated that the visitor volume, convention attendance, gaming revenue, and total visitor revenue will increase slightly in the short term in the Las Vegas metropolitan area. Las Vegas surpassed Chicago as the U.S. city with the most four-diamond hotel rooms as rated by the American Automobile Association. Twelve Las Vegas hotels, totaling more than 25,000 rooms, are now rated as 4-diamond by AAA. Five hotels, the Four Seasons, Xxxx-Xxxxxxx, the SkyLofts at the MGM Grand, and two hotel casino’s, the Bellagio and Wynn Resort, have been given the fivediamond award. The Bellagio was the first hotel-casino in the U.S. given the prestigious award. Additionally, Las Vegas is home to thirteen 4-star restaurants and four 5-star restaurants. Las Vegas is home to 14 of the 15 largest hotels in the United States, with 11 having more than 3,000 rooms. As of September 2007, room inventory was 133,433, with overall occupancy at a healthy 91.3%. The number of new hotel rooms is expected to increase, but at a much slower rate than in the past and is being offset by the demolition of older hotel and casino properties. New large-scale projects include the $1 billion addition to the Wynn Resort, Project City Center which is being touted as the largest ...
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