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Thursday, September 29, 2022

Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

by Calculated Risk on 9/29/2022 02:18:00 PM

Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).

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

August visitation reached nearly 3.2M visitors for the month, up +6.4% YoY and ‐10.9% below the August 2019 volume.

Overall hotel occupancy reached 76.8%, +4.0 pts ahead of last August but down ‐10.9 pts vs. August 2019. Surpassing 90% for the sixth straight month, Weekend occupancy reached 90.1% (up +3.0 pts YoY but down ‐5.1 pts vs. August 2019), while Midweek occupancy came in at 72.2% (up +4.4 pts YoY but down ‐11.9 pts vs. August 2019).

The trend of strong ADR continued as August ADR exceeded $148, +5.5% ahead of last August and 22.4% above August 2019 while RevPAR neared $114 for the month, +11.3% YoY and +7.2% over August 2019.
Las Vegas Visitor Traffic 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 10.9% compared to the same month in 2019.

Visitor traffic was up 6.4% compared to last August.

The second graph shows convention traffic.

Las Vegas Visitor Traffic
Convention traffic was down 38.2% compared to August 2019.

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