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: Instapundit.com

ANOTHER VICTIM OF DEMAGOGUERY: Vegas hotel closes: Luxury hotels have also suffered from the ba?

By Glenn Reynolds

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ANOTHER VICTIM OF DEMAGOGUERY: Vegas hotel closes:

Luxury hotels have also suffered from the backlash from the so-called “AIG effect,” referring to the uproar caused by American International Group’s decision to fly top brokers and executives to a resort shortly after receiving a bailout check from the U.S. government.

“The whole demonization of luxury meetings and companies’ pulling back on having their high-end meetings in luxury hotels — this has had a tremendous impact on Las Vegas,” Deuschl said. “I can’t think of another destination that has had to defend itself more against comments from politicians.”

Hope and change. The hotel employed 350 people.

Full post as published by Instapundit.com on February 10, 2010 (boomark / email).

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