Sin City is one of just 18<\/a> metropolitan areas that will experience hotel revenue growth this year from business travelers and tourists. Reno is also on that list.<\/p>\n<\/div>\nNew data from the Reno-Sparks Convention and Visitors Authority (RSCVA) indicates the region, which includes Reno, Sparks, and Incline Village, are benefiting from higher room rates. Yet there\u2019s still work to be done to return to pre-pandemic occupancy levels.<\/p>\n
Data from the Reno-Tahoe Airport Authority confirms year-to-date arrivals at the Reno-Tahoe International Airport are easily eclipsing pre-pandemic levels. This year, first-quarter passenger traffic at the airport was 74.2% ahead of the same period a year earlier.<\/strong><\/p>\nOther cities in that group include Austin, Miami, Nashville and Phoenix, according to the AHLA.<\/p>\n
More Positive Signs for Las Vegas Business Travel<\/h2>\n
It\u2019s undoubtedly helpful to operators\u2019 bottom lines that weekend occupancy rates on the Strip remain strong. But analysts view an uptick in convention and meeting business going forward as essential to the fortunes of some gaming companies.<\/p>\n
Among those are Circa (downtown), Caesars Entertainment, MGM Resorts International and Wynn Resorts \u2013 all of which have new or lightly used convention space. Fortunately, there\u2019s evidence suggesting next year could bring a positive turning point regarding increased business traffic in Las Vegas.<\/strong><\/p>\nAt Deutsche Bank\u2019s 30th<\/sup> Annual Leveraged Finance Conference last month, MGM CFO Jonathan Halkyard<\/a> said meeting and convention enthusiasm is returning to normal, and bookings to that effect are strong through the second quarter of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"Las Vegas hotel revenue generated from business and leisure travelers this year will exceed pre-coronavirus pandemic levels, making the US casino mecca one of a small number of domestic cities to check both boxes. In the travel and leisure industry, airlines, hoteliers and other sub-groups separate business and leisure travelers into two distinct groups. That […]<\/p>\n","protected":false},"author":46,"featured_media":238227,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810,81886],"tags":[81897,81898,23],"acf":[],"yoast_head":"\n
Las Vegas Hotel Business, Leisure Revenue Seen Rising In 2022<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n