Governor’s Conference views tourism

November 28, 2000 2:55 AM
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Rapid changes in the world of online business and communication will be the focus of experts as they address such changes in the gambling and convention industry at the 17th Annual Governor’s Conference on Travel & Tourism.

It’s scheduled for Dec. 4-6 at the Silver Legacy Resort Casino and Eldorado Hotel/Casino in downtown Reno.

Nevada Lt. Gov. Lorraine Hunt, who chairs the Nevada Commission on Tourism, said she expects hundreds of delegates from across the country to attend this year.

"Our tourism industry must deal with constant changes in fast-moving electronic technology that affect virtually everyone," said Hunt. "This year’s Governor’s Conference is focusing on ways to more effectively manage the changes that confront us. The conference has assembled a lineup of experts who will provide information and insight into new trends."

Keynote speakers will include Frank Fahrenkopf, CEO of the American Gaming Association, who will speak on the State of the Gaming Industry; David Cordish of Baltimore, Md., who will speak on "Reshaping a Destination’s Image," and Polly LaBarre, senior editor of Fast Company Magazine.

Other speakers will be Gary Loveman, COO of Harrah’s Entertainment Inc. (HET); economist Howard Roth, who will present his "State of the Economy"; and Glenn Shaeffer, president and CFO of Mandalay Resort Group (MBG), who will discuss the impact of mergers and acquisitions on tourism.

Analyst notes strong room rates for Las Vegas

Room rates in Las Vegas should remain strong for the remainder of the year, according to Jason Ader, senior gaming analyst for Bear Stearns.

In a recent report, Ader noted that the period during the middle of December had year-over-year growth in weekday room rates that are 26.0 percent higher than that of last year. The weekend rates were slightly lower, he said, but the year-over-year growth in weekend room rates in the prior year period was 36.3 percent.

Showing particularly strong growth, he said, were the Park Place properties, with weekend rates averaging 33.5 percent higher that last year while the weekday rates are up 51.8%. Topping the increases were: Caesars, plus 141.4 percent; Paris, up 61.6 percent; Las Vegas Hilton up 66.7 percent, and Bally’s Las Vegas, up 34.8 percent.

Ader added that easy comparisons with last year’s New Year’s Eve rates, as well as a favorable calendar, should help room rates remain strong.

Travel & Tourism Convention slated for Reno

Rapid changes in the world of online business and communication will be the focus of experts as they address such changes in the gambling and convention industry at the 17th Annual Governor’s Conference on Travel & Tourism.

It’s scheduled for Dec. 4-6 at the Silver Legacy Resort Casino and Eldorado Hotel/Casino in downtown Reno.

Nevada Lt. Gov. Lorraine Hunt, who chairs the Nevada Commission on Tourism, said she expects hundreds of delegates from across the country to attend this year.

"Our tourism industry must deal with constant changes in fast-moving electronic technology that affect virtually everyone," said Hunt. "This year’s Governor’s Conference is focusing on ways to more effectively manage the changes that confront us. The conference has assembled a lineup of experts who will provide information and insight into new trends."

Keynote speakers will include Frank Fahrenkopf, CEO of the American Gaming Association, who will speak on the State of the Gaming Industry; David Cordish of Baltimore, Md., who will speak on "Reshaping a Destination’s Image," and Polly LaBarre, senior editor of Fast Company Magazine.

Other speakers will be Gary Loveman, COO of Harrah’s Entertainment Inc. (HET); economist Howard Roth, who will present his "State of the Economy"; and Glenn Shaeffer, president and CFO of Mandalay Resort Group (MBG), who will discuss the impact of mergers and acquisitions on tourism.