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Putting the NO in casiNO - The Signature at MGM Grand Print E-mail

Putting the NO in casiNO – Just (a few hundred) steps from a bustling Las Vegas casino floor guests find a hotel with NO gaming, NO smoking, NO Noise and NO Lines. Is this Vegas’ Future?
 
Minutes from the tumultuous casino scene at the mammoth MGM Grand on the Sunset strip – after a two-minute walk/ride along a people mover – a visitor arrives at what seems to be a different world entirely. And that’s the way it was designed to be.  

  • The message from the beginning has been: Near the craziness of Las Vegas, but an enclave.  No lines at the front desk or for a taxi, no noise, no smoking.

 

The Signature at MGM Grand is a condo-hotel featuring three identical (except for very different lobbies as far as décor and design) 38-story towers consisting of 576 fully furnished units each. The units are privately owned but available via a rental program.  The idea, according to GM Frederic Luvisutto, was to create an exclusive, personalized, high-end retreat with easy access to the casino and entertainment at MGM Grand. In an interview with Luvisutto at a QUIET and quite civilized bar in one of the Signature towers, he talked about how well The Signature concept has worked.
  • Signature is not alone, but there is, according to Luvisutto, “no direct competition yet.” There are similar concepts at Mandalay Bay where The Hotel is a hotel within the hotel, as is the Four Seasons – but they are not physically separate from the hotel. Others will be following soon, including a non-casino Trump hotel which Luvisutto believes may have challenges because it is not attached to a casino.  While Mandarin Oriental and other luxury hotels are coming to Las Vegas, Luvisutto welcomes them because “they will all be part of transforming the image of Las Vegas into a high end one. That is where Las Vegas is going,” he said; “when a visitor is spending $150 a person in a restaurant, you have to revise your idea of where they are going to stay.”
  • While The Signature misses out on two major Las Vegas markets – those whose priority is to be near a casino and convention delegates (meeting space is limited), the properties have run strong occupancies at solid rates since opening. Even with a soft economy, bookings are strong for the second quarter – with Los Angeles, Texas and New York the biggest market.
  • In January, readers of Trip Advisor, the top consumer review Website, voted The Signature the Number 1 luxury hotel in the country.

 

Harvey Chipkin

 
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From the Editor

Ipsos Mendelsohn and American Express Publishing-Harrison Group
Offer Fresh Insight on Consumer Behavior in 2010


According to new studies from two blue-chip research sources, Ipsos Mendelsohn and American Express Publishing - the affluent are not only ready to travel -- they are frequently going to spend more on it. While the Ipsos study focused on intent and American Express Publishing on mindset, they both point to a surge in affluents taking to the road (Amex sees an increase of 6 to 8% in spending on all luxury categories). Interestingly, both studies agree on a positive attitude despite lingering concerns about the economy. Here's a look at the highlights of both 2010 studies.

LuxuryTravel 360 has long looked to the affluent as a burgeoning market in business and leisure travel, fueling growth in more affordable, common sense luxury - less glitz and glamour, but ready to pay extra for memorable family experiences and genuine local culture.

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