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Wednesday, October 04, 2023

Las Vegas August 2023: Visitor Traffic Up 4.0% YoY; Convention Traffic Up Sharply YoY

by Calculated Risk on 10/04/2023 07:11:00 PM

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

August was a solid month with more than 3.3M visitors as weekend occupancy was largely on par with last year while midweek saw notable gains supported in part by a strengthening convention segment that included recurring shows such as ASD Market Week as well the Summer 2023 Las Vegas Market show at World Market Center which fell in August this year vs. July in 2022.

Overall hotel occupancy reached 80.3% for the month (+3.5 pts YoY) as Weekend occupancy came in at 89.7% (‐0.4 pts YoY), and Midweek occupancy reached 77.0%, surpassing last August by 4.8 pts.

ADR growth continued in August, approaching $159, +7.0% YoY while RevPAR exceeded $127, +11.9% 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 4.0% compared to last August.

Visitor traffic was down 7.2% compared to the same month in 2019.

The second graph shows convention traffic.

Las Vegas Convention Traffic
Convention traffic was up 64.3% compared to August 2022, and down 1.6% compared to August 2019.

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