LAS VEGAS (KTNV) — For the first time in months, Labor Day weekend brought large crowds to the valley after the pandemic put tourism on hold.
But now that the holiday weekend is coming to an end, how will Las Vegas survive without conventions, concerts, and live entertainment?
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13 Action News Financial Analyst Steve Budin said his biggest concern is the elimination of conferences and what it could mean for our economy.
"Corporations right now are looking at their bottom line and they're looking for ways to cut costs and expenses and they're seeing that they can accomplish a lot through virtual meetings," Budin said.
Major conferences like CES, Black Hat and the Global Gaming Expo pulled the plug amid the pandemic and are now going digital, costing the city to lose out on millions.
Budin says the only way to save our economy is by coming up with different ways to market and attract a new kind of tourist.
"Our strength is our weather. Maybe we can attract some visitors that just want to escape the cold weather," Budin said.
