In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Tuesday, October 31, 2023

Las Vegas September 2023: Visitor Traffic Down Slightly YoY; Convention Traffic Up 9%

by Calculated Risk on 10/31/2023 02:44:00 PM

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

Las Vegas hosted more than 3.3M visitors in September, slightly behind (‐0.5%) last September while est. convention attendance for the month was up 9.5%, supported in part by the PACK Expo tradeshow (32k attendees) that rotated back into the destination since its last Vegas show in 2021.

Overall hotel occupancy reached 82.6% for the month (‐0.5 pts YoY) as Weekend occupancy came in at 89.0% (‐3.1 pts YoY), and Midweek occupancy reached 78.9%, surpassing last September by 0.3 pts.

ADR exceeded $201 for the month, +7.7% YoY while RevPAR exceeded $166, +7.0% 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 down 0.5% compared to last September.

Visitor traffic was down 4.0% compared to the same month in 2019.

The second graph shows convention traffic.

Las Vegas Convention Traffic
Convention traffic was up 9.5% compared to September 2022, and down 11.2% compared to September 2019.

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