by Calculated Risk on 3/26/2021 01:35:00 PM

From the Las Vegas Visitor Authority: February 2021 Las Vegas Visitor Statistics

Although less than half of prior year levels, February's visitor tally of approx. 1.54M visitors reflected a welcome MoM increase of 18.9% over Jan 2021 as the vaccine rollout & continued protocols helped control the COVID spikes that emerged in Dec and Jan.

Total occupancy for Feb improved to 42.0%, 10.4 percentage points over Jan 2021, but was down from 86.8% in Feb 2020. Weekend occupancy (62.8%) and Midweek occupancy (32.1%) saw MoM gains over Jan of 14.5 pts and 9.6 pts, respectively.

Average daily rates reached $98 (up 8.1% MoM, down -25.8% YoY) while RevPAR came in at approx. $41.17, down -64.1% vs. Feb 2020.

Click on graph for larger image.

The first graph shows visitor traffic for 2019 (blue), 2020 (orange) and 2021 (red).

Visitor traffic was down 53.8% year-over-year.

Convention traffic was non-existent again in February, and was down 100% compared to February 2020.

There has been no convention traffic since March 2020.  

I'll add a graph of convention traffic once conventions start to reopen.

Note: A convention is scheduled for early June (HT MS): "Informa Markets, organizers of the World of Concrete, has received approval from the Nevada Department of Business and Industry to move forward with its 2021 in-person edition. The event is scheduled to be held June 8-10, 2021 at the Las Vegas Convention Center."