Las Vegas mass shooting is not going to take a toll on the city's travel industry, says New York University hospitality professor, Richie Karaburun. Fred Katayama reports.
At least 58 people died and more than 500 were hurt in gunfire in Las Vegas on Sunday. A man started shooting from a window in the Mandalay Bay hotel into a crowd of 22,000 people attending a country music festival. But New York University hospitality professor, Richie Karaburun, says the tragic incident is not going to take a toll on the city's main source of income, the travel business. (SOUNDBITE) RICHIE KARABURUN, VISITING CLINICAL ASSISTANT PROFESSOR, NEW YORK UNIVERSITY TISCH CENTER FOR HOSPITALITY AND TOURISM (ENGLISH) SAYING: "It might have very little impact for this weekend's travel from the local market. However, I don't anticipate any impact whatsoever from international markets, because those people already received their visas, received their international tickets, made their reservations, and many of them might be already in the United States in different city on the route to Las Vegas as part of their itinerary." Las Vegas's casinos, nightclubs and shopping draw some 3.5 million visitors from around the world each year. Shares MGM Resorts, which owns Mandalay Bay, fell almost five percent on Monday. Shares of other casino operators, such as Wynn and Melco, declined as well.