by Calculated Risk on 1/29/2024 11:54:00 AM

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

Closing out the year with roughly 3.4M visitors in December, Las Vegas ended 2023 with annual visitation of 40.8M visitors, +5.2% ahead of 2022.

As the convention/group segment strengthened over 2022, annual est. convention attendance neared 6.0M in 2023, roughly 20% ahead of 2022's 5.0M tally.

2023 annual hotel occupancy reached 83.5%, +4.3 pts YoY, as Weekend occupancy reached 90.7% (+1.4 pts YoY) while Midweek occupancy improved to 80.3% for the year, +5.6 pts YoY.

Annual ADR for 2023 surpassed $191, beating last year by 11.9% while RevPAR neared $160, up 18% vs. 2022.
emphasis added

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 2.7% compared to last December.  For all of 2023, visitor traffic was up 5.2% compared to 2022.  Visitor traffic was down 2.0% compared to the same month in 2019.

The second graph shows convention traffic.

Convention traffic was down 11.0% compared to December 2022, and down 4.5% compared to November 2019.  

For all of 2023, convention traffic was up 19.9% compared to 2022.

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