Las Vegass 38.8 million overall guests in 2022 was once more or less 91.3% of 2019 ranges and most effective 4.1 million under the height choice of guests in 2016. Gaming earnings for Clark County in 2022 was once $12.8 billion, a brand new file for the marketplace. Statistics from the Las Vegas Conference and Guests Authority replicate 43.6 million overall occupied room nights for Las Vegas in 2022, 20.6% greater than in 2021. This text examines the newest developments and trends related to the Las Vegas hospitality marketplace.
Las Vegas’s 38.8 million overall guests in 2022 was once more or less 91.3% of 2019 ranges and most effective 4.1 million under the height choice of guests in 2016. Gaming earnings for Clark County in 2022 was once $12.8 billion, a brand new file for the marketplace. Statistics from the Las Vegas Conference and Guests Authority replicate 43.6 million overall occupied room nights for Las Vegas in 2022, 20.6% greater than in 2021. Occupied room nights, in addition to overall occupancy (79.2%), endured to lag 2019 efficiency, however the marketplace’s ADR ($170.98) and RevPAR ($135.42) reached file ranges in 2022. This text examines the newest developments and trends related to the Las Vegas hospitality marketplace.
Visitation
The southern Nevada financial system depends at the hospitality, leisure, and sports activities industries, which give a contribution to the prime quantity of holiday makers to the marketplace. Las Vegas is ranked 2d on TripAdvisor’s 2023 record of In style U.S. Locations. Visitation to Las Vegas remained above 42.1 million every 12 months from 2015 thru 2019 earlier than the COVID-19 pandemic led to the entire choice of Las Vegas guests to say no to only over 19 million in 2020. Las Vegas was once deeply suffering from the COVID-19 pandemic from March 2020 thru mid-year 2021, however visitation to the marketplace has considerably rebounded since that point. Las Vegas welcomed 38.8 million guests in 2022, an build up of 20.5% from 2021. January and February have been the one months all through 2022 that the marketplace didn’t host a minimum of 3 million guests; against this, this benchmark degree was once accomplished in most effective 4 months of 2021 (July, October, November, and December).
Harry Reid World Airport has rebounded from the affect of the COVID-19 pandemic quicker than maximum airports within the nation, which displays the marketplace’s recognition. The estimated moderate day-to-day automotive site visitors at the 3 primary highways resulting in Las Vegas (Interstate 15, U.S. Freeway 95, and the 215 Beltway) declined 0.7% in 2022 in comparison to 2021.
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About Shannon S. Okada
Shannon Okada, MAI, Managing Director of Gaming with HVS, is primarily based in Las Vegas, Nevada. His revel in contains value determinations and feasibility research for present and proposed accommodations, accommodations, and casinos. He holds a Grasp of Science level in Resort Management from the College of Nevada Las Vegas, Grasp of Industry Management and Juris Physician levels from Pepperdine College, and a Bachelor of Industry Management level in Advertising and marketing & Control from the College of Hawaii. Touch Shannon at +1 (702) 280-1405 or sokada@hvs.com
