Regardless of whether recession is real, perceptions affect behavior

Schwartz, David
June 2008
Las Vegas Business Press (10712186);6/16/2008, Vol. 25 Issue 24, pP25
The author reflects on the perception of luxury and the reality of recession in Las Vegas, Nevada. He notes that market correction and cutting prices are not a workable proposal since visitation rates are stable and slashing prices might result to layoffs in the labor force. He cites that making Las Vegas a bargain place would destroy the brand equity established by luxury restaurants and hotels. The author relates that the Elvis suite raffle promotion of the Sahara is a great way to promote valuable commodity without devaluing it.


Related Articles

  • The Hardest Cuts of All. Bush, Haydn // H&HN: Hospitals & Health Networks;Mar2009, Vol. 83 Issue 3, p41 

    The article discusses the impact of economic downturn on hospitals in the U.S. Several large hospital systems announced significant cuts including Crozer-Keystone Health System. Beaumont Hospitals announced layoffs that ultimately will reduce 500 full-time positions. It has eliminated open...

  • Layoffs to shortages. Dandrea, Joel M. // International Cranes & Specialized Transport;Sep2010, Vol. 18 Issue 12, p49 

    The article presents the author's comments on the impact of layoffs on the long-term viability of a business in the heavy lift and transport industry. He says that recession has forced many companies to consider downsizing to remain profitable. However, he says that layoffs not only affect a...

  • Midstate businesses tighten belts, push additional services. Bair, Jessica // Central Penn Business Journal;12/19/2008, Vol. 24 Issue 52, p16 

    The article reports on the move of midstate businesses to push additional services due to economic conditions in Pennsylvania. It mentions that most companies are tightening their budgets and others are searching for potential new revenue streams. It notes that companies are applying layoff...

  • NY firms gird for tough times. Massey, Daniel; Agovino, Theresa; Cordova, Elisabeth Butler; Engquist, Erik; Flamm, Matthew; Fickenscher, Lisa; Fung, Amanda; Potkewitz, Hilary // Crain's New York Business;10/13/2008, Vol. 24 Issue 41, p1 

    The article focuses on the reaction of New York firms on recession. As the financial crisis spread worldwide and the stock market plummeted, investors and New York businesspeople panicked. Many began to make plans for what they now expect could be a long and painful recession. Banks are denying...

  • Find a straw to stir the drink. Stettner, Morey // Managing People at Work;Dec2009, Issue 333, p2 

    The author reflects on how to manage egotistical employees who expect star treatment. He argues that having this kind of employee is like having a high-performing winner in the team, and that despite ego problems they can often deliver when necessary. The author also explains that these...

  • Survivors' anguish. Marshall, Samantha // Crain's New York Business;1/19/2009, Vol. 25 Issue 3, p19 

    The article offers information on the feelings of employees who have survived layoffs. It is stated that wracked with fear about their own future, overwhelmed by the extra workload, and angered by the way their co-workers and friends were treated, recession survivors are finding cold comfort in...

  • From our blog: Employers offer good news, bad news on recession. Butler, Kelley M. // Employee Benefit News;4/1/2009, Vol. 23 Issue 4, p46 

    The article focuses on the good and bad news on the economic recession as seen by employers. According to 61% of them, the recession is going to last until the end of 2009, but that the worst of layoffs and other changes have already been made. However, company cost-cutting efforts that would...

  • Layoff Lulls.  // InsideCounsel;Apr2011, Vol. 22 Issue 232, p16 

    The article presents statistics on layoffs at the biggest law firms of the U.S. for 2010, tracked by the website Law Shucks, including the number of employees laid off at these firms in 2009, the number of lawyers and staff dismissed from big law firms last year and the number of lawyers and...

  • POSITIVE THINKING. Thomas, Alison // Training Magazine;Nov2003, p6 

    Suggests ways to keep workers motivated in a negative economic climate. Problems created by lay-offs according to LudyCo International president Perry Ludy; Emotional impact of downsizing activities on employees according to DBM organization consulting head Celia Nicholson; Information on a...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics