by Calculated Risk on 4/28/2022 02:38:00 PM

From the Las Vegas Visitor Authority: March 2022 Las Vegas Visitor Statistics

The positive visitation trajectory continued in March as Las Vegas hosted more than 3.3M visitors, nearly 50% ahead of last March and roughly 10% shy of March 2019.

With meetings returning across the destination along with tradeshows such as ASD Las Vegas, Nat'l Automobile Dealers Assn, Bar & Restaurant Expo, and Int'l Pizza Expo, the convention segment saw continued improvement, reaching an est. 495k attendees for the month, roughly 90% of pre‐COVID levels of Mar 2019. Overall hotel occupancy reached 80.6%, up approx. 25 pts YoY and down only 10.9 pts vs. March 2019. Weekend occupancy exceeded 92% (up 14.4 pts YoY and down 5.0 pts vs. March 2019) and Midweek occupancy reached 76.6% (up 28.8 pts YoY and down 12.3 pts vs. March 2019).

ADR exceeded $163, well ahead of last March (+63.0%) and March 2019 (+21.8%) while RevPAR reached $131.49 for the month, dramatically ahead of March 2021 (+136.7%) and 7.3% over March 2019 levels

Click on graph for larger image.

The first graph shows visitor traffic for 2019 (dark blue), 2020 (light blue), 2021 (yellow) and 2022 (red)

Visitor traffic was down 9.8% compared to the same month in 2019.

Visitor traffic was up 50% compared to last March.

The second graph shows convention traffic.

Convention traffic was down 10.5% compared to March 2019.

Note: There was almost no convention traffic from April 2020 through May 2021.