LIGHT Nightclub returning to Vegas...

[Universal]

Looking forward to checking this out next year...

http://www.ballerstatus.com/2012/11/...que-du-soleil/

[Jhaulotte]

That def looks worth checking out. Mandalay needs this and along with Michael Jackson's show next year could be very good for them

[Sundell]

with all these clubs opening up next year (light, hakkasan, ushuaia) one things for sure...its a great time to be a big name DJ.

[Sortie]

This town has a habit of building waaaaaay too fast.
Look how we destroyed our housing market.
Too much inventory on the market didn't help one bit.
I hope the nightclub industry isn't shooting itself in the proverbial foot with all these mega clubs opening.

[Rhythmz]

This town has a habit of building waaaaaay too fast.
Look how we destroyed our housing market.
Too much inventory on the market didn't help one bit.
I hope the nightclub industry isn't shooting itself in the proverbial foot with all these mega clubs opening.

It's a little difficult to compare the housing market to the nightclub industry (especially in Vegas). As long as the demand for nightlife in Vegas keeps increasing, we are always going to see growth. I wouldn't worry about a huge economic impact with the opening of all these new clubs. With more competition comes more innovation =D

[Sortie]

Well it's the same basic business theory.
Supply and Demand
If demand remains unchanged and supply increases, what's going to happen?
Where are the customers going to come from?
We're struggling to get tourist back here.
I hope the Vegas nightclub industry destroys all the competition in other states.
We have to make it so that club going target market group {whatever it is}, ONLY thinks of coming here when it thinks of nightclubbing.
NY, Miami, Cali, Europe have viable options for that group.
Our clubs need to be different it some way.
HELL FUCKIN YEAH these new clubs look amazing.
I hope the owners continue marketing them in other states.
We need more reality TV shows based here.
That Pauly D show was good for the industry.
People sitting in bumfuck Idaho saw it and couldn't wait to get to Vegas.

I'll be out of the nightclub world soon, but I hope it blows up beyond belief.
I've met quite a few really nice people who could really benefit.

[JayTaj72]

Housing market crash wasn't a simple supply and demand issue.
Far more complicated.

It was interference in the market place that distorted the demand and supply variables for credit and real estate. The Federal Reserve greatly distorts the supply and availability of money with its anti-free market loose interest rate manipulation. The Government also interferes in the market place with non-sense guarantees of home loans made through Fannie Mae, Freddie Mac, USDA, and VA.

None of that applies to Nightclubs. The competition will create more efficiency and better choices for the consumers

[Rhythmz]

Well it's the same basic business theory.
Supply and Demand
If demand remains unchanged and supply increases, what's going to happen?
Where are the customers going to come from?
We're struggling to get tourist back here.
I hope the Vegas nightclub industry destroys all the competition in other states.
We have to make it so that club going target market group {whatever it is}, ONLY thinks of coming here when it thinks of nightclubbing.
NY, Miami, Cali, Europe have viable options for that group.
Our clubs need to be different it some way.
HELL FUCKIN YEAH these new clubs look amazing.
I hope the owners continue marketing them in other states.
We need more reality TV shows based here.
That Pauly D show was good for the industry.
People sitting in bumfuck Idaho saw it and couldn't wait to get to Vegas.

I'll be out of the nightclub world soon, but I hope it blows up beyond belief.
I've met quite a few really nice people who could really benefit.

Never thought I'd be getting into an econ discussion on the JC forums. lol. You make it seem like there has not been an increase in demand for nightclubs in Las Vegas. Although I don't claim to know much about this topic, I got the impression that this was not the case. In the past several years, hasn't nightclub life in Vegas been a growing industry? My original point was that if demand continues to increase, then the market will respond by increasing supply (building more nightclubs).

Are you working in the nightlife industry right now? I would love to hear your insight about what exactly is going on over there!

Housing market crash wasn't a simple supply and demand issue.
Far more complicated.

It was interference in the market place that distorted the demand and supply variables for credit and real estate. The Federal Reserve greatly distorts the supply and availability of money with its anti-free market loose interest rate manipulation. The Government also interferes in the market place with non-sense guarantees of home loans made through Fannie Mae, Freddie Mac, USDA, and VA.

None of that applies to Nightclubs. The competition will create more efficiency and better choices for the consumers

Thanks for the response. I think Sortie's original point was that if we see too many new nightclubs opening too quickly, there will not be enough demand. Although I don't know that much about econ, I would think the opening of more nightclubs would not substantially effect revenue. Isn't the demand for nightclubs in Vegas relatively inelastic (an increase in price would not substantially change quantity demanded). Do you have any insight on this?

[timbuck2]

I think the real question is - "Will these new clubs turn the current Tier 1 Clubs into Tier 2 Clubs?"
Or will there be more "Tier 1" clubs now.
For a while - Pure, Rain, Body English, Light, etc where considered the Best Clubs. Then Tao, Marquee, XS, Surrender came along.
Will the customer experience get better now that there is more competition? (IE - Will bouncers/door guys be more accommodating. Will the cost for Entry, Tables, Tips go down?)
How many table service customers at full price can Vegas nightlife handle?

My initial reaction is that there are a lot of pretty smart people making the decisions to open these venues up and that they have thought about this already. But, then again plenty of smart people in Las Vegas thought that a ton of people would buy themselves a condo on the strip that they could rent out when they weren't using. We all know how that ended up.

[Jhaulotte]

And some people thought the tram would be successful. To be honest, Mandalay needs this in the worse way. I walked through there on a late Saturday afternoon and the place made me wanna sleep. Table games dead, slots empty, and restaurants slow. I hope it does work out for them

[ccc]

If Border Grill closes because MGM couldn't sort out how to get more people to the south strip I'll be pissed.

[Jhaulotte]

If Border Grill closes because MGM couldn't sort out how to get more people to the south strip I'll be pissed.

No shit! I mean outside of the Trop they own the last 6 resorts on that end.

[JCase]

I think the real question is - "Will these new clubs turn the current Tier 1 Clubs into Tier 2 Clubs?"
Or will there be more "Tier 1" clubs now.
For a while - Pure, Rain, Body English, Light, etc where considered the Best Clubs. Then Tao, Marquee, XS, Surrender came along.
Will the customer experience get better now that there is more competition? (IE - Will bouncers/door guys be more accommodating. Will the cost for Entry, Tables, Tips go down?)
How many table service customers at full price can Vegas nightlife handle?

My initial reaction is that there are a lot of pretty smart people making the decisions to open these venues up and that they have thought about this already. But, then again plenty of smart people in Las Vegas thought that a ton of people would buy themselves a condo on the strip that they could rent out when they weren't using. We all know how that ended up.

I'm pretty sure they're trying to make the new current clubs drop a "tier" so that they're the new hot shiz in town. That way they can charge the premiums that they want. I don't see why anybody would want to open a nightclub, especially a superclub just to charge lower rates.

As for the housing discussing...that goes way beyond the basic supply and demand theory.

[Universal]

That def looks worth checking out. Mandalay needs this and along with Michael Jackson's show next year could be very good for them

THEhotel is also becoming the Delano next year, which should really change the vibe.

[presto]

This town has a habit of building waaaaaay too fast.
Look how we destroyed our housing market.
Too much inventory on the market didn't help one bit.
I hope the nightclub industry isn't shooting itself in the proverbial foot with all these mega clubs opening.

Seems like many of the older clubs have closed and continue to close though, so that kinda balances it out