The latest report from the Las Vegas Convention and Visitors Authority (LVCVA) is here, and it appears that the city is continuing to inch toward pre-Covid visitation, despite fears that the year-long resurgence may be fizzling out.
According to the report, Las Vegas welcomed just over 3.6 million visitors in the month of October, which is just 29,000 visitors short of the total from October of 2019, the last pre-pandemic year. The city also surpassed $1 billion in gaming revenue for the 20th straight month.
Perhaps the most promising data came from the convention and conference industries—LVCVA data said that convention attendance came in at 628,100 for the month, which is over 100,000 more than the same period in 2019.
This was largely attributed to the Global Gaming Expo (G2E), which came in full force after two lackluster years. The annual Consumer Electronic Show (CES) returns in January, which is also expected to draw large crowds.
In a release, the LVCVA said that “an improving conventions segment, combined with several events, including the dual-weekend When We Were Young music festival, two Raiders home games, and the NASCAR South Point 400 race, the month saw the destination host over 3.6 million visitors, nearly matching the tally of October 2019.”
The city also posted a hotel occupancy rate of 87.7 percent, which is just 2 percent lower than that of October 2019. Weekend occupancy rates for October were 94 percent, which is the highest since February of 2020.
That said, room rates and revenue shattered previous highs, as the average daily rate was around $210, which is over a 50 percent increase from the same period in 2019. Revenue per room averaged $184, also an increase of over 50 percent from 2019.
