by Calculated Risk on 12/28/2023 01:54:00 PM

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

With highlights including the SEMA tradeshow in the first week of the month and of course, the inaugural Formula 1 Las Vegas Grand Prix on Nov 16‐18, Las Vegas tourism metrics exceeded last November across several categories, most notably with record ADR and RevPAR.

Visitor volume exceeded 3.29M, ahead of last November by +0.8%, and convention attendance approached 600k, +2.7% YoY.

Overall hotel occupancy was 81.9%, +0.7 pts YoY, as Weekend occupancy reached 88.7% (‐0.9 pts YoY) while Midweek occupancy exceeded last November by 1.4 pts to reach 78.9% for the month. Driven by strong rates during the dates of the F1 race, monthly ADR reached a record $249, +33.7% YoY and RevPAR exceeded $204, +34.8% YoY

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 0.8% compared to last November.

Visitor traffic was down 6.2% compared to the same month in 2019.

The second graph shows convention traffic.

Convention traffic was up 2.7% compared to November 2022, and down 0.8% compared to November 2019.

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