In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Thursday, May 27, 2021

Las Vegas Visitor Authority for April: No Convention Attendance, Visitor Traffic Down 27% Compared to 2019

by Calculated Risk on 5/27/2021 04:58:00 PM

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

Visitation continued to ramp up in April as the destination welcomed more than 2.5M visitors, up more than 15% MoM and down roughly ‐27% vs. pre‐COVID levels in Apr 2019.

Hotel occupancy increased to 65.6%, up 10.1 pts MoM, with Weekend occupancy improving to 83.5%, up 5.8 pts MoM and within 13 pts of Apr 2019 levels.
Las Vegas Visitor Traffic Click on graph for larger image.

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

Visitor traffic was down 27.3% compared to the same month in 2019.

Convention traffic was non-existent again in April, and was down 100% compared to April 2019.

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."