Out with the old. In with the new. The Mirage is the aging grand dame in the MGM Resorts Las Vegas portfolio compared to newer trophy deals like managing the Cosmopolitan.
Don’t expect an immediate return to 2019 levels of business travel traffic despite the hype in the buildup to the U.S. reopening borders on November 8.
The city is in tune with the pandemic protocol: after the tourists, next come the business travelers. Las Vegas is edging towards recovery, but Delta variant concerns may spoil the party yet.
Expect more attempts by tech companies to become outsourced vendors for hospitality companies. Resorts want to manage their labor costs tightly during the pandemic.
The panic's over. Las Vegas' gigantic venues will soon be back selling things like concrete and computers at full capacity. Which is why MGM's CEO and president William Hornbuckle is looking further afield for the brand's next chapter.
In Skift's top stories this week, Hawaii's domestic U.S. tourism roared back, Accor's CEO said the biggest hotel investment bargains are yet to come, and HomeToGo could go public in a blank-check-company deal.
Brightline wants to make sure that private companies have equal access to the billions of dollars in new passenger rail funds proposed by President "Amtrak Joe" Biden. That could allow the railroad to speed up work on the country's next high-speed rail line between Las Vegas and Southern California.