Las Vegas is betting big on 2020, when more than 15 projects — ranging from a stadium to hotel-casino renovations — are slated to come online.
By the end of next year, the city is expected to add 1,969 hotel rooms, bringing its total to 152,201, according to a March report from the Las Vegas Convention and Visitors Authority. Estimated construction costs for projects slated to come online in 2020 total more than $3.3 billion.
These additions could help bring more visitors to the city, experts say.
“I think people are more attracted by the chance to try something new in a place that they like,” David Schwartz, a Las Vegas historian and professor at UNLV, said via email. “It also depends on how well resort operators balance their new offerings with accessibility. … If visitors lured back to Las Vegas by new offerings believe that they aren’t getting real value, they may not return.”
LVCVA spokeswoman Lori Nelson-Kraft said the authority anticipates Las Vegas will lure more visitors in 2020 with the additional inventory of hotel rooms and attractions.
Las Vegas occupancy rates are already hovering around 90 percent, according to LVCVA data.
“The remaining question is whether the increase in demand matches the increase in supply,” Stephen Miller, the director of the Center for Business and Economic Research at UNLV, said via email.
Here’s a look at some of the projects expected to open in 2020: