Las Vegas Economy
Las Vegas economy is growing rapidly. The travel and tourism sectors have been star performers. Jobs have been growing at 8 per cent this year well above last year's number.
Las Vegas economy is growing so strongly that economists and anlaysts are finding it difficult to find something comparable from other parts of the country.
Is there a fly in Las Vegas economy's ointment? Yes, the burgeoning oil prices could be the single biggest obstacle to derail the Las Vegas economy. Right now the effects have been minimal but it may not last. Increasing oil prices could drive up the air fares and reduce the tourist arrivals hitting Las Vegas hard according to economic experts.
Then again there is the so called "real estate bubble" which many doomsdayers are predicting will burst any moment. Still other experts do not agree stating this kind of growth is quite common in other countries like South Africa and Hong Kong and that only now the US real estate market is being used a wise investment tool.
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