With the Omicron variant and continued impacts on the convention group segment, Las Vegas visitation reached 2.47M, roughly three‐quarters of pre‐COVID levels of January 2019 but dramatically higher (+91.2%) than January 2021.Click on graph for larger image.
Overall hotel occupancy reached 59.3%, +27.7 pts ahead of January 2021 but ‐24.7 pts below January 2019. Reflecting the challenged convention group segment, Midweek saw occupancy reach 52.0%, +29.5 pts vs. January 2021 but ‐30.1 pts vs. January 2019. As in the past several months, weekends fared better than midweek as Weekend occupancy reached 74.6%, +26.3 pts ahead of January 2021 and ‐14.2 pts vs. January 2019.
Reaching $145, January 2022 ADR exceeded January 2021 by +60.1% while lagging January 2019 by ‐7.2%. RevPAR reached $86.12 for the month, approx. triple January 2021's depressed levels but down ‐34.5% from January 2019.
The first graph shows visitor traffic for 2019 (dark blue), 2020 (light blue), 2021 (yellow) and 2022 (red)
Visitor traffic was down 27.5% compared to the same month in 2019.
Note: There was almost no convention traffic from April 2020 through May 2021.
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