Las Vegas’ Park MGM is one of the recent properties to close during the week. More and more hotels in the Las Vegas Strip are implementing midweek closures as they get through the coronavirus pandemic.
Beginning November 9, the Park MGM, known before as Monte Carlo Resort and Casino, plans to close from noontime on Mondays, and then until noontime on Thursdays. This schedule may last until December, as per Las Vegas Review-Journal.
The luxury boutique hotel, NoMad, can be found on the top of Park MGM, is set to remain open, just like Park MGM’s restaurants, pool, and casino.
According to Las-Vegas Review-Journal, in the previous month, Wynn Resorts implemented a similar midweek closure at the Encore property.
Back in July, the Palazzo hotel stopped accepting weekday reservations. Palazzo hotel is owned by Las Vegas Sands Corporation. This practice is set to change in order to accommodate the Christmas, New Year, and Thanksgiving holidays.
The Last Vegas Strip, just like other property owners, hasn’t been immune to the struggles brought about by the coronavirus pandemic. As the borders shut, travel and conferences are at a standstill.
Several hotels have tried to adapt by marketing themselves as the best places to do remote work. At its Aria and Bellagio properties, MGM Resorts launched a so-called Viva Las Office Program. This includes perks such as a dedicated executive assistant, as well as the chance to work from an amazing poolside cabana.
From Las Vegas to Aruba and the Maldives, more hotels are attracting remote employees to their empty suites.
Many months after coronavirus struck the U.S., its hospitality industry is still reeling.
Major brands, including MGM, Hyatt, and Hilton Resorts, reported huge losses in Q3 2020. According to Hilton, it sustained an $81 million net loss. Hyatt, on the other hand, topped a $161 million Q3 loss. MGM Resorts a $535 million loss.
According to Tourism Economics research, the hospitality and leisure industry accounted for 11% of pre-pandemic employment in the United States. Now, it makes up 36% of the country’s job losses.
The recovery period is expected to extend into the year 2023. Without any help from congress, almost 50% of all travel-supported jobs can be lost by the end of December. To salvage the industry, travel and hospitality leaders are calling for the Congress and White House to issue immediate coronavirus relief. You can get more articles such as this on Quikmaps website.