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Two Billionaires Just Quietly Took Over Las Vegas
Description
Two blockbuster deals in one week put Barry Diller and Tilman Fertitta on track to control a massive chunk of Las Vegas hospitality, Southwest Airlines confirms it's going international and eyeing lounges, and Hilton just launched a brand new hotel concept targeting a market most chains have ignored.
On today's Skift Daily Briefing, Sarah Dandashy breaks down why the MGM and Caesars deals signal a new era of ownership concentration on the Strip, how Southwest's latest reinvention is starting to look a lot like the airlines it swore it would never become, and whether Hilton's college-town bet can survive the notoriously seasonal economics of campus hospitality.
Articles Referenced: Honorable Mention: @AskAConcierge on IG
Barry Diller Moves to Take Over MGM Resorts in $18 Billion Deal
Caesars Agrees to $5.7 Billion Takeover by Tilman Fertitta
Southwest Moves Toward Latest Reinvention: Long-Haul International and Lounges
Hilton Launches Undergraduate Hotel Brand for College Towns. Here's What the Numbers Say.
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