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More and more money is being spent in Vegas and by the LAVA; money attracts people to live there and Jobs are generated. Activities such as gambling and prostitution, which would elsewhere be Illegal, are legal In parts of Nevada and therefore create a competitive advantage over other states. WEAKNESSES One of Lass Vega’s largest weaknesses is it has failed to capture other demographics such as family tourism and those concerned with the environment. Environmentally, Vegas is not in the best shape.
Vegas has a demand for water that far exceeds its supply- an average of 300 gallons per day per person. Without the water from the Colorado River, Lass Vegas would not be able to sustain even a fraction of the population and tourists they do today. In addition, Vegas has an insatiable need for electricity. Lass Vegas is also an isolated location, meaning nothing else around the city attracts guest to stay there. More of the transient occupancy taxes. Or room taxes, are going to Clark County instead of the Lass Vegas Convention and Visitors Authority.
The rapid growth of Lass Vegas and its tourists have created traffic congestion on amount goes to meet the needs of tourists and a marketing campaign. With the success of its famous phrase “What happens in Vegas stays in Vegas” the LAVA has increased spending and efforts to thwart imitators of its trademark slogan. OPPORTUNITIES Because Lass Vegas is so isolated there is space to expand. The Mojave Desert brings warm weather during winter months, which attracts guests from colder areas of the country to vacation or hold a conference there.
Vegas does more than Just attract tourists, over 5,000 people are moving to the Lass Vegas valley a month; that’s more money coming to the casinos, shops, and restaurants. Some natural attractions in the surrounding area such as Red rock canyon are still underdeveloped. If the LAVA gave some attention to its surrounding area, they could include another demographic o their market, a more nature oriented (hiking, wildlife, wild horses, donkeys… ). The LAVA can still broaden their efforts to attract foreign consumers, ethnic minorities, and gay and lesbian markets in the United States.
If Lass Vegas is still expanding at its present rate in years to come, a second strips west and east of Lass Vegas Boulevard are possible ideas. THREATS The Mojave Desert also brings hot weather during summer months, which discourages travelers to visit; the seasonal highs in July are 105 degrees. In years to come, global warming may have devastating effects on weather, extremely hot and dry, sandstorms etc. The world population is becoming increasingly sensitive and aware of a more echo-friendly tourism approach.
Electricity prices will continue to increase, making it less profitable to run the businesses in Vegas. The average vacation is now two to three nights allowing for less time to spend money. Dubbed is becoming a main competitor in the world market creating a possible loss of interest for Vegas. Indian reservation gambling is becoming a more developed business and may take away an important market share. Indian reservation casinos provide convenience and satisfy the needs of guests that only want to gamble. Vegas depends on the labor of hundreds of thousands of employees behind the scenes.