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.