Monday, April 5, 2010

Taxi Drivers in Las Vegas, An Economic Indicator?

So... I went to Las Vegas this past week. Besides watching some shows and eating really good food at great prices (ONE POUND steak dinner for $9.90!!) , I was paying attention to the volume of people that enter into this city. This is a constant event: people checking in and checking out of thousands of rooms in the hotels and casinos. Hundreds of people walking in Las Vegas strip, going into clubs, restaurants, shows, casinos, and so on.

Here is something I found interesting as I talked to a taxi driver from Hooters to the Luxur. As I was waiting to get to my destination I asked the driver how business were doing with the recession. He answer me that one way to know when Vegas was doing bad was by watching the time it takes for a cab to pick up a passenger. He told me that when the economy was doing good, it would take five to ten minutes for a person to be able to get a cab. However, now it takes 45 to one hour to a cab to pick up a passenger.

I found this interesting since for me it seemed busy night. After watching so many people in the street and in the casinos I thought it was a good night for Las Vegas businesses. I guess I was far off from it.

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