Friday, July 4, 2008 | 5:44 p.m.
The Independent, which is based in London, writes about the economic problems that have been affecting Las Vegas this year saying that the city's problems "all boil down to a single, unavoidable point: right now, far too little happens in Vegas, because not enough people are actually staying there."
The Indepedent Times writes, "The global slowdown, high petrol prices, and a nation-wide housing slump is spelling disaster for a town that owes every aspect of its wealth – from that gaudy replica of the Eiffel Tower to those scale models of Venetian canals and the Pyramids of Egypt – to its ability to inspire free-spending hedonism.
"With Americans cutting back on luxuries, and the price of transport rocketing, the so-called "Vegas vacation" is facing the axe. This week, as the nation celebrated Independence Day, major hotels were taking stock of a fall in all-important room occupancy rates from their usually impressive 95 per cent levels to nearer 80 per cent."