An Executive Digest of the Industry: What Happened to the Vegas Development Boom?

The Construction and Development Blog

What Happened to the Vegas Development Boom?

by Patrick Mayock, hotelnewsnow.com, 04.19.2011

Sometimes you come across a data point that makes you do a double take—or, in the case of my perusing STR’s latest U.S. pipeline numbers last week, almost choke on your turkey sandwich.

Have you cleared your airways? Here it comes: There are only 96 new hotel rooms under construction in Las Vegas.

Only 96! In Las Vegas! The country’s largest hotel market!

This is Sin City we’re talking about here, people—the desert oasis that saw a development boom that injected 9,104 rooms into the market during 2009. Granted, it’s not New York City, which has more than 6,000 rooms under construction, according to STR’s March pipeline, but nobody’s been able to measure up with the behemoth Big Apple for years now.

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Las Vegas hotel construction hit all time low. ProTech is the dealer for Procore construction software known as construction cloudware. Construction in Las Vegas off significantly from the development boom days.

Posted by ProTech at 4/19/2011 2:28 PM

Categories: Construction News
Tags: las vegas hotel construction protech procore las vegas construction construction cloudware web based

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