{"id":245681,"date":"2022-11-30T11:38:05","date_gmt":"2022-11-30T17:38:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=245681"},"modified":"2022-11-30T13:03:19","modified_gmt":"2022-11-30T19:03:19","slug":"vegas-visitation-inches-to-within-1-of-pre-pandemic-level","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/vegas-visitation-inches-to-within-1-of-pre-pandemic-level\/","title":{"rendered":"Las Vegas Visitation Inches to Within 1% of Pre-Pandemic Level"},"content":{"rendered":"

Las Vegas is feeling a lot more like its pre-pandemic self. More than 3.6 million tourists visited last month, according to the Las Vegas Convention and Visitors Authority (LVCVA). That\u2019s 7% more than the numbers for last October and only 1% off the figures from pre-pandemic October 2019 \u2013 or a mere 29K visitors.<\/p>\n

\"Vegas
Harry Reid International Airport welcomed almost as many tourists last month as it did before the pandemic. (Image: reviewjournal.com<\/em>)<\/figcaption><\/figure>\n

Driving the increase, according to the LVCVA report, was an \u201cimproving conventions segment combined with several events, including the dual-weekend ‘When We Were Young’ music festival, two Raiders home games, and the NASCAR South Point 400 race.\u201d More than 628K people visited Las Vegas for a convention last month, according to the report. That\u2019s up 32% from 2021 and up 20% from 2019.<\/p>\n

\n

Hotel occupancy reached 87.7% in October, the highest level since November 2019. Occupancy was 6.1% higher than in October 2021, and 2.3% lower than in October 2019, according to LVCVA stats. Still, hotels shattered the monthly record for daily room rates. Those approached $210 per night, a 20.8% increase year over year, and 55.1% ahead of October 2019.<\/p>\n<\/div>\n

In addition, weekend occupancy reached 94%, a level not seen since the 94.8% figure of February 2020, the month immediately preceding the COVID shutdown. Midweek occupancy reached 85.1%, the highest figure since October 2019\u2019s 87.1% figure.<\/p>\n

With two months left to report this year, Las Vegas has logged just under 32.3 million visitors so far in 2022. That\u2019s a little more than 3 million visitors short of the pace through the first 10 months of 2019. Las Vegas welcomed more than 42 million visitors that year.<\/strong><\/p>\n

In 2021, Las Vegas counted 26 million visitors through October and finished the year with about 32 million visitors.<\/p>\n

We’re Not Out of the Woods Yet \u2013 Report<\/h2>\n

According to a group of UNLV economic researchers, Las Vegas isn’t out of the pandemic woods yet. In fact, they said, visitation is likely to dip in 2023 and 2024, in accordance with an expected softening in the US economy. The group \u2013 which first announced its findings in April and reiterated them at a UNLV forum two weeks ago \u2013 predicts that visitation is likely to drop by about a million people next year, to between 37 million and 38 million.<\/p>\n

\u201cThe slight dimming that we see in the model is more because of what the model expects to happen on the national side,\u201d Andrew Woods, director of UNLV\u2019s Center for Business and Economic Research and leader of the group making the prediction, told Vegas Inc.<\/em> \u201cWe see a softening in the economy and slower growth next year, especially during the first nine months of 2023.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas is feeling a lot more like its pre-pandemic self. More than 3.6 million tourists visited last month, according to the Las Vegas Convention and Visitors Authority (LVCVA). That\u2019s 7% more than the numbers for last October and only 1% off the figures from pre-pandemic October 2019 \u2013 or a mere 29K visitors. Driving […]<\/p>\n","protected":false},"author":78,"featured_media":245683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81886],"tags":[23,82396,83941,83940],"acf":[],"yoast_head":"\nLas Vegas Visitation Inches to Within 1% of Pre-Pandemic Level - Casino.org<\/title>\n<meta name=\"description\" content=\"Las Vegas is feeling a lot more like its pre-pandemic self. 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