by Calculated Risk on 10/27/2022 02:25:00 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: August 2022 Las Vegas Visitor Statistics

September saw strong visitation of 3.35M visitors, just ‐3.5% behind September 2019, with notable weekend holidays and events from Labor Day to the Life Is Beautiful festival, the Canelo/GGG fight, Mexican Independence Day, the Raiders/Cardinals home game, Bad Bunny World's Hottest Tour and the iHeartRadio Music festival.

Overall hotel occupancy reached 83.1%, +10.1 pts ahead of last September but down ‐5.2 pts vs. September 2019. Weekend occupancy reached 92.1% (up +3.0 pts YoY but down ‐3.5 pts vs. September 2019), while Midweek occupancy reached 78.6% (up +12.5 pts YoY but down ‐6.5 pts vs. September 2019).

Strong weekend demand supported by major events translated to record monthly ADR levels as September ADR approached $187, +20.1% YoY and +36.5% ahead of September 2019 while RevPAR neared $156 for the month, +36.8% YoY and +28.5% over September 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 3.5% compared to the same month in 2019.

Visitor traffic was up 14.3% compared to last September.

The second graph shows convention traffic.

Convention traffic was down 18.9% compared to August 2019.

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