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Monday, November 30, 2020

Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 49% YoY in October

by Calculated Risk on 11/30/2020 02:11:00 PM

From the Las Vegas Visitor Authority: October 2020 Las Vegas Visitor Statistics

Visitor volume continued to ramp‐up in October as the destination hosted approx. 1.86M visitors, about half of last October's tally but up 9% from last month.

With continued hotel re‐openings at the end of Sep and in early Oct, the room tally of open properties in October represented 140,658 rooms. Total occupancy was 46.9% for the month as weekend occupancy reached 64.2% and midweek occupancy reached 38.6%.

Average daily rates among open properties reached $104.54 (‐3.3% MoM, ‐22.8% YoY) while RevPAR came in at roughly $49, down ‐59.7% vs. last October.
* Reflects weighted average of daily room tallies
Here is the data from the Las Vegas Convention and Visitors Authority.

Las Vegas Click on graph for larger image.

The blue and red bars are monthly visitor traffic (left scale) for 2019 and 2020.   The dashed blue and orange lines are convention attendance (right scale). 

Convention traffic in October was down 100% compared to October 2019.

And visitor traffic was down 49% YoY.

The casinos started to reopen on June 4th (it appears about 94% of rooms have now opened).