The other is the $290-million Excalibur, a project of Circus Circus Enterprises. Las Vegas hotel construction is booming as never before. 1992 will add more than 20,000 hotel rooms according to hotel owners and industry analyst. The number of new hotels in the U.S. has increased by nearly 50 percent since 2000, with a total of about 52,000 units expected this year, according to data from market research firm CBRE. These two hotels will be the first major projects in the city in 15 years. Saul Leonard, a gaming industry expert said "Las Vegas is the third largest Convention City in the United States and probably will be No. 2 within the next two years." "Effort's are being made to attract more visitors from near by California and for away places like Asia and Europe.
Las Vegas hotel construction is booming as never before. 1992 will add more than 20,000 hotel rooms according to hotel owners and industry analyst. The number of new hotels in the U.S. has increased by nearly 50 percent since 2000, with a total of about 52,000 units expected this year, according to data from market research firm CBRE. These two hotels will be the first major projects in the city in 15 years. Saul Leonard, a gaming industry expert said "Las Vegas is the third largest Convention City in the United States and probably will be No. 2 within the next two years." "Effort's are being made to attract more visitors from near by California and for away places like Asia and Europe.