170,000 attendee Consumer Electronics Show has been cancelled in Las Vegas for 2021

[JackStraw77]

I attended the show for many years when I lived in Las Vegas. Losing this convention in January 2021 is huge and has a giant impact on Las Vegas economy. The convention provided 1000s of jobs. Assembling the convention booths and displays probably took close to one month. All those workers lose wages along with the people that staffed the show. All the hotels charged premium prices for their rooms rivaling New Years week rates. The publicity it brought Las Vegas as TV stations around the world sent reporters to cover it is incalculable. The show is going to be done digitally but it is not the same. You can't generate the energy of thousands of people looking at your latest products in person. You can get an idea how huge the show is watching the video.

https://variety.com/2020/digital/news/ces-2021-las-vegas-canceled-digital-trade-show-1234717388/

 

[azbob]

Correct on all accounts. This hit the local news today. The strip casinos are still empty except for the pools. Locals have returned to local casinos although the incompetent Governor announced yesterday the bars will remain closed and he is now concentrating on enforcement...great news for small businesses. He is doing everything possible to ensure we stay in a hole and have to continue to rely on his government for handouts. I think the Rodeo Championships in November will be the next big shoe to drop as losing the NBA summer league was also a big hit since it fills a low-occupancy period in the calendar.

 

[CaptainLee]

Another economic dagger for Las Vegas and it isn't near being finished.

 

[Sugarbear]

Thats because all the employees that make the convention machine work are long gone. No way to get them back. There will never be a convention in Vegas again. The Sands waved the white flag on the issue just the other day. We are no better than your local venues at this point. At some point we are going to have yesteryear facebook page.

 

[brendanjack]

I attended the show for many years when I lived in Las Vegas. Losing this convention in January 2021 is huge and has a giant impact on Las Vegas economy. The convention provided 1000s of jobs. Assembling the convention booths and displays probably took close to one month. All those workers lose wages along with the people that staffed the show. All the hotels charged premium prices for their rooms rivaling New Years week rates. The publicity it brought Las Vegas as TV stations around the world sent reporters to cover it is incalculable. The show is going to be done digitally but it is not the same. You can't generate the energy of thousands of people looking at your latest products in person. You can get an idea how huge the show is watching the video.

https://variety.com/2020/digital/news/ces-2021-las-vegas-canceled-digital-trade-show-1234717388/

You ain’t kidding I’m always in Vegas wild card weekend and if you didn’t book early forget it Vegas was packed to the gills for that show huge international crowd as well . All because of fear

 

[azbob]

Near term...devastation is understated. Longer term, SugarBear I think you are over-stating. Any person who moves out of NV will be replaced by two coming from CA and that is not an over-statement. CA residents are escaping to AZ, NV and the northwest especially Idaho. A shake-up in the number of celebrity chef restaurants and the re-purposing of some casinos will be positive outcomes. That re-purposing might include the closing of properties like both Fiestas, the Tropicana, Rio and who knows what they will do with the Palms. Of course, in all of these customers and comps will suffer.

 

[bodyforlife]

CA residents are escaping to AZ, NV and the northwest especially Idaho.

Yep. Most people can figure that out. Dave has stated as much on many an occasion. Vegas will never be at 2010 prices again. People that didn't buy back then missed out on the opportunity of a lifetime.

 

[JackStraw77]

Many celebrities attended the show. Some working for the exhibitors and signing autographs, others as just people in the entertainment industry who went just as attendees. I was on the shuttle bus with Ricky Barry and waited in line for an autograph from Larry Bird. The strangest though was walking onto the show floor and talking to a guy I didn't recognize at first. It was Don Henley of the Eagles. I walked up to a booth with him and I said what do you do. He said he was in band. His badge read Don Henley and his job title. No one came up to him. The booth he went up to ask about a product and representative didn't know him either. I think this was around 1999 or 2000. I was there during the advent of satellite television when Direct TV started. And I still remember when the first browsing software was introduced. Netscape. The rep explained how would you actually be able to watch a video on the web. Prodigy was before Netscape but it was a closed system. Netscape made it easy to browse the web much like it looks today when the guy demonstrated video it was amazing.

 

[bodyforlife]

Many celebrities attended the show. Some working for the exhibitors and signing autographs, others as just people in the entertainment industry who went just as attendees. I was on the shuttle bus with Ricky Barry and waited in line for an autograph from Larry Bird. The strangest though was walking onto the show floor and talking to a guy I didn't recognize at first. It was Don Henley of the Eagles. I walked up to a booth with him and I said what do you do. He said he was in band. His badge read Don Henley and his job title. No one came up to him. The booth he went up to ask about a product and representative didn't know him either. I think this was around 1999 or 2000. I was there during the advent of satellite television when Direct TV started. And I still remember when the first browsing software was introduced. Netscape. The rep explained how would you actually be able to watch a video on the web. Prodigy was before Netscape but it was a closed system. Netscape made it easy to browse the web much like it looks today when the guy demonstrated video it was amazing.

Ricky Barry?

 

[Dave007inVegas]

You ain’t kidding I’m always in Vegas wild card weekend and if you didn’t book early forget it Vegas was packed to the gills for that show huge international crowd as well . All because of fear

It's a huge blow to the Vegas economy. My son in law worked in that industry for 20 years.
Now he has to move on to something else. He's 53 and not quite ready to cash it in.

 

[Willie99]

Vegas is going to be reeling for a while, hope for the best