Attendance decreased by 4.0% compared to 2019; Conference traffic fell by 24.9%

To Estimated risk per 28.02.2023 15:00:00

Note: I like to use Las Vegas as a recovery measure for both leisure (visitors) and business (conventions).

From the Las Vegas Visitors Authority: Las Vegas visitor statistics, January 2023

With a good weekend and recovering conference attendance, including the citywide CES, World of Concrete, and SHOT show, Las Vegas received about 3,275,000 attendees in January, up from January 2022 % to January 2019.

The total occupancy of hotels for the month reached 79.1%, +19.8 p.p. year on year and -4.9 p.p. less than the previous month. 2019. Weekend occupancy reached 88.4%, almost the same as January 2019 (88.8%, -0.4 points), while mid-week occupancy reached 75.2%, +23.2 points compared to 2019. January 2022, but -6.9 points compared to 2022 January 2019.

The continued trend of high room prices continued in January as ADR approached $192, +32% year-on-year and +22.4% compared to January 2019, and RevPAR topped $151, +76% year-on-year and + 15.3% compared to 2019.

Las Vegas visitors Click on the graph to enlarge the image.

The first graph shows visitor traffic for 2019 (black), 2020 (cyan), 2021 (purple), 2022 (orange), and 2023 (red).

Attendance decreased by 4.0% compared to the same month in 2019.

Attendance increased by 32.3% compared to January last year.

The second graph shows conventional traffic.

Las Vegas visitors

Convention traffic decreased by 24.9% compared to January 2019, but increased by 72.0% compared to January 2022.

Note. From April 2020 to May 2021, there was practically no traffic at the conventions.