Demand for sports, entertainment and conventions combined to lift room rates to record levels in October as the destination hosted more than 3.6M visitors. Complementing the signature shows and residencies of the destination were other headliner acts including P!NK, the When We Were Young music festival and Ed Sheeran, along with the Fall NASCAR race and two NFL Raider home games.
Convention attendance for the month was up 2.0% YoY, supported by various returning and rotating tradeshows as well as the TwitchCon gamers event (30k attendees) that was held in Las Vegas for the first time.
Overall hotel occupancy matched last October at 87.7% as Weekend occupancy came in at 94.2% (+0.2 pts YoY), and Midweek occupancy reached 85.4% (up 0.3 pts), and ADR and RevPAR set records at $233 and $204 respectively, beating the prior monthly record tallies from March 2023
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 0.2% compared to last October.
Visitor traffic was down 1.0% compared to the same month in 2019.
Note: There was almost no convention traffic from April 2020 through May 2021.
The second graph shows convention traffic.
Convention traffic was up 2.0% compared to October 2022, and up 21.9% compared to October 2019.
Note: There was almost no convention traffic from April 2020 through May 2021.