Vegas hotel occupancy, air traffic show gains

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Las Vegas hotel occupancy fell 48.6% in July and visitor volume fell 61%, but that was an improvement over June when occupancy was 41% and visitation was down 70.5 percent, according to numbers released Thursday by the Las Vegas Convention and Visitors Authority.

There were 1.43 million visitors in July, up from 1.1 million in June.Passengers traveling through McCarran International Airport, meanwhile, were down 64% in July.

With open properties representing an inventory of 123,684 rooms, total occupancy reached 42.5% for the month. Weekend occupancy came in at 54.4% and midweek occupancy reached 36.9%, according to the LVCVA. The month’s total occupancy is down 48.6 percent from July 2019 when it was 91%.

The Strip and downtown had a similar occupancy of just under 42% in July.

Average daily room rates among open properties reached $104.39 (down 17.8%) while revenue per room available came in at  $44.37, down 61.6% from July 2019.

The average daily rate on the Strip was $115.68. It was $59.74 downtown.

The vehicle traffic on all major highways fell 9.9% in July to 122,299. It fell 16.5% at the California Nevada border on the I-15.

About the Author

Buck Wargo

Buck Wargo is a former journalist with the Los Angeles Times and has been based in Las Vegas as a business, real estate and gaming reporter since 2005.

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