LAS VEGAS ECONOMY SEES IMPROVEMENT
IN THE LEISURE AND HOSPITALITY SECTOR

At the Governor's Conference on Tourism state officials and national economists talked up renewed consumer spending and other positive indicators.

They also brought up diversifying Nevada's tourism base to expand its economy by attracting new business and industry.

Visitor volumes, hotel room occupancy and taxable retail sales have all increased in recent months it was noted.

Thredgold Economic Associates of Utah said, "economies across the country and world are improving, but in small increments. Things are going to get better and better."

Nationwide economic expansion is expected to be 2 percent in 2012, similar to 2011. Globally, Thredgold predicted seven growth industries in coming years,Technology,transportation,
telecommunications, financial services, energy, entertainment and biomedicine. "The United States is positioned well in all of these sectors, he said."

He continued, "California has a bleaker future, calling it "our own Greece due to massive deficits." He said 3,000 middle class Californians leave the state every week for greener pastures elsewhere, and western officials are flocking there to entice businesses, especially from Nevada.

Irv