P1racenews AI automatic summary:
According to Las Vegas local news, hotel bookings for this year’s Formula 1 race are off to a “soft start,” with rates at half the cost compared to the event’s 2023 debut. The inaugural Las Vegas Grand Prix was considered a financial success, having a positive economic impact on the Nevada city, but it wasn’t […]
The inaugural Las Vegas Grand Prix had a positive economic impact on the city, but faced logistical challenges, as revealed by Chief Commercial Officer Emily Prazer. Demand for the event in 2024 is lower compared to 2023, with hopes it will increase by November 21-23. Sales for the event have started slowly, despite lower hotel rates near the circuit this year. The home NFL game for the Las Vegas Raiders on November 24 is expected to attract more visitors to the city before the Grand Prix. However, planners fear that relying on the NFL game to boost attendance indicates challenges for the event’s success. Clark County commissioner Marilyn Kirkpatrick has warned that if this year’s Grand Prix faces difficulties, there may not be a third iteration of the event. The future of the Las Vegas Grand Prix beyond the current three-year deal remains uncertain, with stakeholders emphasizing the importance of a successful event this year.
