by Calculated Risk on 6/30/2022 03:52:00 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: May 2022 Las Vegas Visitor Statistics

Visitation exceeded 3.4M visitors in May, surpassing last May by 19.8% and approx. 7% shy of May 2019.

Overall hotel occupancy reached 82.6%, 11.7 pts ahead of last May and down 8.2 pts vs. May 2019. Weekend occupancy again was in the 90's (91.9%, up 4.1 pts YoY and down 4.5 pts vs. May 2019) while Midweek occupancy exceeded 78% (up 16.0 pts YoY and down 9.3 pts vs. May 2019).

Following last month's record‐breaking ADR, May saw another month with ADR reaching nearly $176, 38.7% ahead of last May and over 25% above May 2019 while RevPAR exceeded $145 for the month, significantly ahead of May 2021 (+61.6%) and 13.8% over May 2019.

Click on graph for larger image.

The first graph shows visitor traffic for 2019 (dark blue), 2020 (light blue), 2021 (yellow) and 2022 (red)

Visitor traffic was down 6.6% compared to the same month in 2019.

Visitor traffic was up 20% compared to last May.

The second graph shows convention traffic.

Convention traffic was down 24.9% compared to May 2019.

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