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What is the cost of change?

Discussion in 'Misc. Vegas Chat' started by sco5123, Apr 13, 2013.

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  1. sco5123

    sco5123 VIP Whale

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    Vegas has a culture of change. And especially with visitor numbers picking up, there are pretty frequent and swift changes taking place currently.

    In every industry, competition can be intensified by well-made changes. But for Vegas this means that these properties will be throwing hundreds of millions of dollars sometimes into changes to make their property more competitive...and frequently. The bottom-line price-tag for these changes/upgrades are often widely publicized.

    In the 90s and early 2000s, how much money was being poured into "change"? What are the figures now? What is the overall financial climate then and now? What were the non-financial costs?
     
  2. smartone

    smartone VIP Whale

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    I love change... but not just for change sake. I honestly believe those who made the decision to blow-up the Stardust did so with information and the intent to improve their company's bottom line, not to piss off their customer base. The loss of the Dunes, Sands and Hacienda hasn't turn out so bad. The folks who yearn for mob-controlled Vegas are the same folks who think things were better when Eisenhower was President.

    IMHO, Vegas is struggling to find a way to maintain and improve profitability with an improved and growing audience, but one whose wallet is lighter than pre-2008. Even those who are now spending real dollars, as opposed to inflated home-equity dollars will still splurge and are not necessarily demanding a $30 room and $1 hot dogs, but they do want good value for their dollar. Premium branding seems to be the direction headed.
     
    Last edited: Apr 13, 2013
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