Visitor Traffic Up 1.5% YoY; Convention Traffic Down 2.9% YoY

by Calculated Risk on 7/28/2023 03:01:00 PM

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

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

Punctuated by the Vegas Golden Knights’ victorious quest for the Stanley Cup, Las Vegas
visitation in June surpassed last year as the destination hosted more than 3.4M visitors,
+3.1% YoY.

Overall hotel occupancy reached 85.5% for the month (+2.8 pts YoY). Weekend
occupancy matched last June, reaching 90.2% (+0.2 pts YoY), and Midweek occupancy
reached 83.5%, surpassing last June by 3.5 pts.

Overall ADR exceeded $165, +5.3% from June 2022 while RevPAR reached $141,
+8.8% 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 3.1% compared to last June.