The investment bank and financial services company Morgan Stanley says that the Las Vegas recovery on the backside of this pandemic is coming ‘fast and strong’. The company’s statements come as a part of their recent report on the gaming industry.
Analysts for the company recently visited Las Vegas, finding that the market was busy now, even in the middle of the week. They expect that trend to increase as we move into the summer, with the hope of governments easing current restrictions and reopen at 100% by June 1st.
The Morgan Stanley report also noted that the market is now running at almost 95% occupancy on the weekends, and midweek occupancy hovering just above 50%.
The company also added the outlook for conventions looks much better for 2022, and shows are expected to pick up as well. Airlines represent another positive sign as they have been increasing supply to the market each month.
You can read more on the Las Vegas recovery at Yogo Net.