What happens in Vegas – and where to meet in Vegas

Event profs, look here to get the latest hotel and convention venue updates in Las Vegas.

Upon completion of its acquisition of the Mirage from MGM, Hard Rock plans to rebrand it and build an iconic guitar-shaped hotel located on the Las Vegas Strip.
Upon completion of its acquisition of the Mirage from MGM, Hard Rock plans to rebrand it and build an iconic guitar-shaped hotel located on the Las Vegas Strip. Photo Credit: Hard Rock International

For Las Vegas, the promise of a surge of international travellers awaits, as well, thanks to loosened Covid-testing requirements and a growing number of overseas flights. Developers and resort operators there are readying for more meetings business, with new venues under development and improvements throughout.

Las Vegas

Convention attendance is on the upswing in Las Vegas, and while its upward trajectory isn't as steep as the city's overall visitation numbers, the trend certainly bodes well for the local meetings industry. Of the nearly 15.3 million people who had visited in 2022 through the end of May, just shy of 2 million were convention-goers. Although that's still 34% lower than the convention attendance for the first five months of 2019, it is a whopping 878% increase over the same period in 2021.

Most impressively, the city's hotel revenue per available room has recovered to pre-pandemic levels — on the strength of a year-to-date average daily rate of US$163.84, which exceeds the 2019 rate by a hefty 18.5%. Meeting professionals looking for negotiation leverage should note that hotel occupancy is much higher on weekends (87.6%) than midweek (69.8%).

Fontainebleu Las Vegas

And there's no question that resort operators are eager to attract more meetings business. Developers responsible for projects such as Fontainebleau Las Vegas, which is set to debut on the North Strip in the fourth quarter of 2023, are specifically targeting groups. The 3,700-room property across from the Las Vegas Convention Center's new West Hall is promising more than 51,096sqm of indoor and outdoor meeting space, including an expansive, 9,755sqm pillarless ballroom. A three-level, 8,547sqm theatre is also part of the plan, as is a 2,415sqm "hospitality garden".

Majestic Las Vegas, which is being built next to the Fontainebleau, is set to open in 2024.
Majestic Las Vegas, which is being built next to the Fontainebleau, is set to open in 2024.

Majestic Las Vegas

Majestic Las Vegas is being built near the convention center. Also conveniently located across from West Hall, the wellness-minded Majestic Las Vegas is being constructed on the lot adjacent to the Fontainebleau. The US$850 million, 720-suite nongaming resort's signature feature will be a four-level, 6,503sqm wellness center, Spa Majestic. The ultra-luxury facility also will feature a world-class gym, yoga and meditation facilities, and on-site fitness and nutrition experts. Ample gathering space will be available on the nine levels of "corporate sky suites" on the building's upper floors — some covering an entire floor, or as much as 2,322sqm of space. The resort is scheduled to open in 2024.

Dream Las Vegas

At the south end of the Strip, work has begun on the 531-room Dream Las Vegas, which also is set to debut in 2024. The US$550 million project will feature a 1,858sqm casino and 1,115sqm of meeting space, including a 464sqm ballroom and a 90-seat theatre. The 20-story tower also will offer seven dining and nightlife options, and a rooftop pool and club.

OVG Hotel & Casino

Meanwhile, a true Vegas mega­ project has been designated for 10 hectares south of the Strip. Construction could begin next year on a retail and entertainment district, which would include a 20,000-seat arena, a hotel, a casino and an amphitheater. The US$3 billion OVG Hotel & Casino will be designed to host concerts, sporting events, conventions and more at the arena. The site is adjacent to the planned Brightline high-speed rail station, for the proposed bullet train to southern California.

The Cosmopolitan is now part of the MGM Resorts portfolio.
The Cosmopolitan is now part of the MGM Resorts portfolio.

The Cosmopolitan

The Cosmopolitan is now part of the MGM Resorts portfolio. Along the Strip, the 3,033-room Cosmopolitan of Las Vegas is now part of the MGM Resorts portfolio. MGM closed the US$1.63 billion acquisition in mid-May, and no major changes are expected at the resort, which will remain in Marriott's Autograph Collection.

MGM Resorts

MGM Resorts will have a total of nine Las Vegas properties as soon as the sale of the 3,044-room Mirage Hotel and Casino to Hard Rock International closes. The new owners of that iconic Strip property intend to rebrand it as the Hard Rock Hotel and Casino and build a guitar-shaped hotel tower on-site. The deal is expected to close in the second half of this year.

Caesars Entertainment

Meanwhile, Caesars Entertainment is gradually rebranding Bally's Las Vegas Hotel & Casino to the Horseshoe Las Vegas. The multimillion-dollar project will involve renovating the exterior and the casino floor, and redesigning much of the interior with the gold Horseshoe branding. The former sportsbook area at Bally's will be transformed into an all-ages gaming area called, simply, Arcade. The 650sqm venue will be outfitted with more than 80 arcade games and a redesigned bar. No opening date has been set for Arcade, although Caesars expects to complete the resort rebranding by the end of the year.

Resorts World Las Vegas

The biggest Las Vegas mega resort to debut over the past several years — the three-hotel, 3,506-room Resorts World Las Vegas complex — recently unveiled the first Las Vegas Loop passenger station on the Strip. The Loop connecting the expansive convention centre campus has been operational for more than a year. Resorts World station is the first of more than 55 proposed additional stops, which could include connections to Harry Reid International Airport and downtown Las Vegas.

Source: Northstar Meetings Group



Latest News