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Economic Overview of Metropolitan Las Vegas

Hotel Rooms

The room stock in Clark County grew by 7,582 in 2008 and is estimated to grow by another 8,627 rooms in 2009 for a total of 149,156 rooms. In 2010, we expect room growth to increase by 2.7 percent to 153,149 rooms and then to slow to 0.1 percent growth in 2011 for a total of 153,256 rooms by year end.

[View this information (less the forecasts) in a table.]

Population

According to population estimates made by the Nevada state demographer, the population in Clark County declined to 1,967,716 in 2008. This reflects a population decline of 0.7 percent over the 2007 estimate of 1,954,319. In 2009, we estimate the county's population will show another decline of 0.8 percent to 1,952,920. In 2010 and 2011, we expect growth to return by 0.2 percent and 0.4 percent, respectively, which will bring Clark County's population to 1,957,763 in 2010 and 1,965,559 in 2011.

[View a table of the State Demographer's historical population estimates for Clark County and the State of Nevada.]

Visitor Volume

Visitor volume is estimated to be down 1.8 percent in 2009 to 36,800,076 -- a decrease of 681,476 visitors over the 2008 total of 37,481,552. In 2010, we expect visitor volume to increase at a rate of 2.5 percent to 37,720,078 visitors. In 2011, we expect the number of visitors to increase by 2.0 percent for a total visitor count of 38,474,479.

[View this information (less the forecasts) in a table.]

Gaming Revenue

Clark County gaming revenue for 2009 is an estimated $8,795.9 million. This reflects a 10.2 percent decrease over the 2008 total of $9,796.7 million. In 2010, we expect gaming revenues to decrease another 3.8 percent for a total of $8,461.7 million by year's end. In 2011, we expect to see a slight increase of 1.2 percent for a total "gaming win" of $8,563.2 million.

[View this information (less the forecasts) in a table.]

Current and past economic data and our two-year forecast are available in our midyear and annual Economic Outlook publications, which are released at CBER-hosted conferences every June and December. Filled with facts, analysis, charts, and graphs, the Outlook publications are a valuable resource for those interested in the southern Nevada economy. The price is $20.00 for the Southern Nevada Outlook plus $6.00 for shipping and handling. To order the current volume in this series, along with other CBER publications, click here.

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