{"id":7155,"date":"2011-07-19T13:01:14","date_gmt":"2011-07-19T21:01:14","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=7155"},"modified":"2011-07-19T13:01:14","modified_gmt":"2011-07-19T21:01:14","slug":"dog-days-explained","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/dog-days-explained\/","title":{"rendered":"Dog Days, explained"},"content":{"rendered":"

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Visit msnbc.com for breaking news<\/a>, world news<\/a>, and news about the economy<\/a><\/p>\n

As reported yesterday, July-September room rates for the Las Vegas Strip<\/strong> are looking soft (which is bound to degrade off-Strip ADRs, obviously). One possible explanation was, indirectly, floated on this morning’s Today<\/em> show. If discretionary dollars are flowing to companies, not consumers, business travelers on expense accounts will be able to sustain those rising midweek rates that we’ve been seeing.<\/p>\n

But if Joe Average customers<\/strong> aren’t seeing any largesse, that bodes ill for the oft-predicted recovery that’s supposed to hit the Strip this autumn. It’s not as though consumer spending wasn’t already in retreat<\/a>. That puts Las Vegas<\/strong>‘ future in the hands of the five million Americans making $100,000+ annually. (Small wonder Cosmopolitan<\/strong> rooms will cost you an arm and a leg, if the affluent class is indeed spending more<\/em>.) If spending numbers keep trending in that direction, expect Echelon<\/strong> and every other mothballed Strip project to remain under wraps for years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"

Visit msnbc.com for breaking news, world news, and news about the economy As reported yesterday, July-September room rates for the Las Vegas Strip are looking soft (which is bound to degrade off-Strip ADRs, obviously). One possible explanation was, indirectly, floated … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,66,14,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/7155"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=7155"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/7155\/revisions"}],"predecessor-version":[{"id":7156,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/7155\/revisions\/7156"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=7155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=7155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=7155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}