Las Vegas business conventions becoming scarce?

March 3, 2009 – 8:35 pm – No Comment

Las Vegas was once a place where corporations would go to have corporate meetings and conventions, and during free time, do “other” things. (What happens in Vegas…right?)

Well, things aren’t happpening in Vegas anymore.

Companies that have always had their meetings in Sin City are starting to move their conventions and gatherings to other cities across the country, or just cancelling them altogether.

-Goldman Sachs is moving its convention to San Francisco.

- Wells Fargo cancelled its “gathering” a week before it was set to take place.

Conventions generated $8.5 billion in economic revenue in 2008 for Las Vegas, but in December alone the number of corporate conventions and meetings was down 16.7% from 2007.

We can all expect the Las Vegas convention and Visiotrs authority to launch a new advertising campaign soon, targeting the dwindling market.