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Thursday, February 29, 2024

Las Vegas January 2024: Visitor Traffic Up 3% YoY; Convention Traffic Up 9%

by Calculated Risk on 2/29/2024 02:32:00 PM

From the Las Vegas Visitor Authority: January 2024 Las Vegas Visitor Statistics

With a room inventory with roughly 4,300 more rooms than last year, est. visitor volume reached 3.38M, up 3.3% YoY.

Despite the larger room inventory vs. Jan 2023, overall hotel occupancy for the month was on par with last January at 78.9% (down ‐0.2 pts). Affected in part by the move of the CES tradeshow back to midweek dates this January instead of the weekend dates it spanned last January, Weekend occupancy for the month declined to 83.6% (down ‐4.8 pts) while Midweek occupancy increased to 77%, +1.8 pts YoY.

ADR for the month matched last January at approx. $191 while RevPAR saw a modest YoY decline to just under $151, ‐0.5%.
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Las Vegas Visitor Traffic Click on graph for larger image.

The first graph shows visitor traffic for 2019 (Black), 2020 (dark blue), 2021 (light blue), 2022 (light orange), 2023 (dark orange) and 2024 (red).

Visitor traffic was up 3.3% compared to last January.  Visitor traffic was down 0.8% compared to the same month in 2019.

The second graph shows convention traffic.

Las Vegas Convention Traffic
Convention traffic was up 8.6% compared to January 2023, and down 18.5% compared to January 2019.  

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