by Calculated Risk on 3/20/2021 10:03:00 AM

From the Las Vegas Visitor Authority: January 2021 Las Vegas Visitor Statistics

Continued COVID impacts and the resulting absence of conventions and major tradeshows such as CES, World of Concrete, etc., translated to significant YoY declines in Jan visitation, occupancy and ADR. Las Vegas hosted roughly 1.3M visitors in Jan 2021, down -63.5% YoY.

Total occupancy for Jan improved MoM to 31.6% from 30.9% in Dec but was down from 85.9% in Jan 2020. While Weekend occupancy (48.3%) improved slightly MoM over Dec 2020, the temporarily dormant convention segment resulted in Midweek occupancy at 22.5%, down -61.3 pts YoY.

Average daily rates among open properties reached $90.71 (down -40.9% YoY) while RevPAR came in at approx. $28.66, down -78% vs. Jan 2020.

Click on graph for larger image.

The first graph shows visitor traffic for 2019 (blue), 2020 (orange) and 2021 (red).

Visitor traffic was down 63.5% year-over-year.

The casinos started to reopen on June 4th (it appears about 97% of rooms have now opened).

Convention traffic was non-existent again in January, and was down 100% compared to January 2020.

There has been no convention traffic since March 2020.  

I'll add a graph of convention traffic once conventions start to reopen.