The Story:
According to recent airline data, travel bookings to Las Vegas have declined after the October mass shooting at a country-music festival, since dubbed the Mandalay Bay attack.
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Why It Matters:
Las Vegas is grappling with the economic fallout over the shootings, which saw 58 people killed and more than 500 injured.
The Casino industry, however, does not expect a long-term impact on their operators.
The Nuts and Bolts:
Airlines Reporting Corp. found that ticket sales in the four-week period after the October 1 shooting declined 4.5 percent from the year before.
The four-week period prior to the shooting showed a 10 percent increase over the previous year.
The near-term reaction of potential visitors to the nation’s gambling capital appears to be negative, according to Olivier Jager, CEO of ForwardKeys.
He also believes that there will not be a long-term effect, but admits he doesn’t know when things will resume normalcy.
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