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...consumer high-tech industry, it's all about the reveal. Technologies become outdated so quickly that electronics companies need massive momentum for sales during products' first few months on the shelves - and for that reason, if the annual Consumer Electronics Show in Las Vegas didn't already exist, someone would be sure to invent it. The biggest event of the year for gadget geeks, it's where early adopters go (or what they read about) to plan their wish lists for the upcoming year...
...This year's CES runs Jan. 8-11 and the keynote speaker is Microsoft CEO Steve Ballmer. The conference will include 2,700 exhibitors flaunting their wares across 1.7 million square feet of floor space at the Las Vegas Convention Center and Sands Expo and Convention Center in the Venetian Casino and Hotel. The sponsoring Consumer Electronics Association, a trade group, expects 130,000 people to attend, including retailers, manufacturers and members of the press. (See TIME's Best Inventions...
...much evidence of it happening yet. This past season, baseball blasted a home run, scoring a record $6.5 billion in revenues. During the winter off-season, trade rumors and expensive free-agent signings have kept fans hooked. Struggling media outlets still saw fit to send some 370 journalists to Las Vegas to cover the sport's winter meetings, an annual hardball cattle call packed with rumor-hungry execs, scouts and assorted hangers-on, all looking for the next big deal...
...Freitag, despite Steve Wynn's recent announcement that he will lower room rates, thinks the picture may not be all gloomy. "If you look at the hotel occupancy rate of 83.5%, well, people in other cities would be ecstatic," says Freitag. "But it's just in Las Vegas, the benchmark is 90%." And while there are reports of some struggling hotels offering free rooms to visitors who gamble as little as $100 at the tables, Scott D. Berman of PricewaterhouseCoopers says the better properties are doing relatively well, at least on weekends. "It's a segmented market," says Berman. "What...
Philip Shalala, head of marketing at the Hard Rock Hotel Las Vegas, says his hotel is having its best December yet - up 6%, year over year. Some of that may be due to creative marketing: the hotel had a holiday party for the city, offering two hours of free wine and beer. "It keeps up the energy of the place," says Shalala, "and it's good for employee morale." People who came in for drinks stayed to eat and gamble; that night the hotel beat its forecast take...