Las Vegas Room Capacity to Rise

LAS VEGAS -- Hotel-room capacity here should jump 27% by the year 2000, Bear Stearns & Co. reported. The New York-based investment firm expects visitor volume to rise 18.2%, to 35 million annual visitors over the same period.

Hotel and motel occupancy slipped 4.2%, from 91.6% last year to 87.7% year-to-date, while the number of conventions held fell 6.2%, from 2,941 last year to 2,758 year-to-date. Las Vegas has hosted 38% of all conventions in the United States over the past decade, Bear Stearns reported, adding that the city is slated for 45% more convention space by the year 2000.

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