Document Type
Report
Publication Date
9-2020
Publication Title
The Lincy Institute Policy Brief
Publisher
The Lincy Institute
Publisher Location
Las Vegas (Nev.)
First page number:
1
Last page number:
17
Abstract
This study analyzes the recent trends of monthly visitors to the Las Vegas-ParadiseHenderson, NV metropolitan statistical area (MSA) for the first five months of 2020. In addition, six scenarios for the seven-month period of June through December 2020 estimate the net loss of visitors to Southern Nevada and the impact for the state economy in terms of employment, income, the total value added (contribution to Gross State Product), output sales, and state and local tax revenues. The counter-factual scenario – projecting the regional economy if no COVID-19 outbreak occurred – serves as a baseline scenario that allows measurement of the net economic losses from a significantly reduced number of visitors to Las Vegas due to the coronavirus pandemic. Finally, this study proposes three forecasted recovery paths for the tourism industry in Las Vegas, in terms of the number of predicted visitors for future years.
Keywords
COVID-19; Economic recovery; Tourism; Las Vegas; Nevada
Disciplines
Economic Policy | Economics | Public Affairs | Public Policy | Tourism and Travel
File Format
File Size
792 KB
Language
English
Rights
IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/
Publisher Citation
Lim, Jaewon. 2020. “The Economic Impact of COVID-19: Rebuilding the Las Vegas Economy.” Policy Brief, The Lincy Institute.
Repository Citation
Lim, J.
(2020).
The Economic Impact of COVID-19: Rebuilding the Las Vegas Economy.
The Lincy Institute Policy Brief
1-17.
Available at:
https://digitalscholarship.unlv.edu/lincy_policybriefs_reports/1
Included in
Economic Policy Commons, Economics Commons, Public Affairs Commons, Public Policy Commons, Tourism and Travel Commons