The Las Vegas Convention and Visitors Authority may be adding 1.4 million square feet to its Las Vegas Convention Center, which will bring it to a total of 4.6 million square feet when work is completed in 2023, but that's hardly all that's been happening recently in the Strip's meetings market.
In all, there is about 2.7 million square feet of meeting, event and convention space under construction right now in Las Vegas, says Chris Meyer, CEM, CMP, vice president of global business sales for the LVCVA. And that doesn't include recent projects like the Mandalay Bay Convention Center's 350,000-square-foot expansion to 2.1 million square feet, or MGM Resorts International's 20,000-seat T-Mobile Arena, home of the Las Vegas Golden Knights hockey team, among others.
"There's no other destination on planet Earth that has more meeting or exhibition space combined than we do and we're going to increase that by 21 percent between now and 2021," says Meyer. "This is the single largest capital expenditure on add-on features for properties in our history. There wouldn't be that much capital being expended if there wasn't a very bullish outlook on our opportunities in the overall convention market."
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