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Wednesday, August 30, 2023

Las Vegas July 2023: Visitor Traffic Up 1.0% YoY; Convention Traffic Down 16.8% YoY

by Calculated Risk on 8/30/2023 05:01:00 PM

From the Las Vegas Visitor Authority: July 2023 Las Vegas Visitor Statistics

With the highest July Occupancy since before the pandemic, Las Vegas visitation surpassed 3.5M visitors, approximately 1% ahead of last July.

Overall hotel occupancy reached 85.2% for the month (+1.8 pts YoY) as Weekend occupancy reaching 92.6% (+1.5 pts YoY), and Midweek occupancy reached 82.2%, surpassing last July by 3.1 pts.

With YoY growth stabilizing after the dramatic post‐pandemic surges last year, ADR reached $163, +1.7% YoY while RevPAR reached $139, +3.9% YoY.
Las Vegas Visitor Traffic Click on graph for larger image.

The first graph shows visitor traffic for 2019 (Black), 2020 (light blue), 2021 (purple), 2022 (orange), and 2023 (red).

Visitor traffic was up 1.0% compared to last July.

Visitor traffic was down 4.3% compared to the same month in 2019.

The second graph shows convention traffic.

Las Vegas Visitor Traffic
Convention traffic was down 16.8% compared to July 2022, and down 45.8% compared to July 2019.

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