(What Happens in Vegas Stays in Vegas)
Las Vegas SWOT Analysis
By Jennifer Bourdeau
Marketing 370, section 04
September 18, 2007
STRENGTHS
The largest strength Las Vegas tourism has is its brand recognition of its famous phrase, "What happens in Vegas, stays in Vegas". Other phrases such as "Your Vegas is showing" are in the works. Vegas also has an enormous bank of existing visitors- over 38.9 million a year. These visitors produce a city wide average occupancy of about 90%, the largest in the country. Las Vegas is one of the most well know tourism destinations in the world and its presence in the global tourism industry is only growing. The Las Vegas Convention and Visitors Authority (LVCVA) is developing plans to market more aggressively to an international demographic. For example, the LVCVA will exhibit at this year's World Travel Market, November 12-15, 2007 in London. The World Travel Market is one of the world's largest international travel industry trade shows, and it attracts approximately 50,000 travel professionals.
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ISS pass just below Vega 05.26.2009
Vegas in the desertThe United Kingdom is Las Vegas' top overseas market. More and more money is being spent in Vegas and by the LVCVA; money attracts people to live there and jobs are generated. Activities such as gambling and prostitution, which would elsewhere be illegal, are legal in parts of Nevada and therefore create a competitive advantage over other states.
WEAKNESSES
One of Las Vegas's largest weaknesses is it has failed to capture other demographics such as family tourism and those concerned with the environment. Environmentally, Vegas is not in the best shape. Vegas has a demand for water that far exceeds its supply- an average of 300 gallons per day per person. Without the water from the Colorado River, Las Vegas would not be able to sustain even a fraction...