Wednesday , January 27 2021
Home / Calculated Risk / Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 49% YoY in October

Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 49% YoY in October

Summary:
From the Las Vegas Visitor Authority: October 2020 Las Vegas Visitor StatisticsVisitor volume continued to ramp‐up in October as the destination hosted approx. 1.86M visitors, about half of last October's tally but up 9% from last month. With continued hotel re‐openings at the end of Sep and in early Oct, the room tally of open properties in October represented 140,658 rooms. Total occupancy was 46.9% for the month as weekend occupancy reached 64.2% and midweek occupancy reached 38.6%. Average daily rates among open properties reached 4.54 (‐3.3% MoM, ‐22.8% YoY) while RevPAR came in at roughly , down ‐59.7% vs. last October. * Reflects weighted average of daily room talliesHere is the data from the Las Vegas Convention and Visitors Authority. Click on graph for larger image. The

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Calculated Risk writes January 26 COVID-19 Test Results and Vaccinations; January Now Deadliest Month

Jeffrey P. Snider writes Unconfident Confidence

Gregor Samsa writes NorCal Women Rising [To Power]

Jeffrey P. Snider writes Treasury Supply & Demand, Interest Rates, It’s All About Other Things

From the Las Vegas Visitor Authority: October 2020 Las Vegas Visitor Statistics
Visitor volume continued to ramp‐up in October as the destination hosted approx. 1.86M visitors, about half of last October's tally but up 9% from last month.

With continued hotel re‐openings at the end of Sep and in early Oct, the room tally of open properties in October represented 140,658 rooms. Total occupancy was 46.9% for the month as weekend occupancy reached 64.2% and midweek occupancy reached 38.6%.

Average daily rates among open properties reached $104.54 (‐3.3% MoM, ‐22.8% YoY) while RevPAR came in at roughly $49, down ‐59.7% vs. last October.
* Reflects weighted average of daily room tallies
Here is the data from the Las Vegas Convention and Visitors Authority.

Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 49% YoY in October Click on graph for larger image.

The blue and red bars are monthly visitor traffic (left scale) for 2019 and 2020.   The dashed blue and orange lines are convention attendance (right scale). 

Convention traffic in October was down 100% compared to October 2019.

And visitor traffic was down 49% YoY.

The casinos started to reopen on June 4th (it appears about 94% of rooms have now opened).

Leave a Reply

Your email address will not be published. Required fields are marked *