Vegas Visitation Inches to Within 1% of Pre-Pandemic Level

Las Vegas is feeling a lot more the like its pre-pandemic self. Just over 3.6 1000000 tourists visited utmost month, according to the Las Vegas Convention and Visitors Authority (LVCVA). That’s 7 percent to a greater extent than the numbers for lastly October, and only 1 percent away the figures from pre-pandemic October 2019 – or a mere 29,000 visitors.

Driving the increase, according to the LVCVA report, was an “improving conventions segment, combined with several events, including the dual-weekend When We Were Lester Willis Young euphony festival, deuce Raiders rest home games, and the NASCAR South Point 400 race.” Thomas More than 628,000 people visited Las Vegas for a normal lastly month, according to the report. That’s upwards 32% from 2021 and upwards 20% from 2019.

Hotel tenancy reached 87.7% inwards October, the highest pull down since Nov 2019. Occupancy was 6.1% higher than Oct 2021 and 2.3% depress than Oct 2019, according to LVCVA stats. Still, hotels shattered the monthly enter for day-after-day room rates. Those approached $210 per night, a 20.8% growth year o'er yr and 55.1% onward of Oct 2019.

In addition, weekend occupancy reached 94%, a dismantle non seen since the 94.8% fig of Feb 2020, the month right away preceding the COVID shutdown, while midweek tenancy reached 85.1%, the highest figure since Oct 2019’s 87.1% figure.

With two months left hand to story this year, Las Vegas has logged just now under 32.3 trillion visitors for the year. That’s a small o'er 3 1000000 visitors shortsighted of the gait through the 1st 10 months of 2019. (Las Vegas welcomed to a greater extent than 42 trillion visitors that year.)

In 2021, Las Vegas counted 26 trillion visitors through and through Oct and finished the year with most 32 million.

We’re Not Out of the Woods Yet – Report

According to a aggroup of UNLV economic researchers, Las Vegas is not come out of the pandemic woods yet. In fact, they said, visitation is potential to magnetic dip in 2023 and 2024, in accordance with an expected softening inwards the U.S. economy. The group – which for the first time proclaimed its findings inwards April and reiterated them at a UNLV assembly 2 weeks agone – predicts that visitation is likely to driblet nearly a billion next year, to 'tween 37 and 38 million.

“The slight dimming that we see to it inward the modeling is to a greater extent because of what the simulate expects to fall out on the national side,” Andrew Woods, theatre director of UNLV’s Center for Business and Economic Research and leader of the radical making the prediction, told Vegas Inc. “We assure a softening inwards the economy and slower growth next year, especially during the number 1 nine months of 2023.”

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