Encouraging May figures for Las Vegas
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Las Vegas welcomed almost 2.9 million tourists in May. The tourism industry is recovering after a slump. The figure is 1,802% higher than in the same 31-day period in 2020.
The May figure is 22% down on the 3.6 million visitors Las Vegas welcomed in May of 2019. The area's tourist-friendly economy was thrown into turmoil owing to the impacts of the coronavirus pandemic. Most of Las Las's casinos and hotels have since re-opened and are able to operate at full capacity.
3.5 million passengers travelled through McCarran International Airport in May. Traffic along the roads of southern Nevada averaged 137,000 vehicles per day.
May hotel occupancy rates in Las Vegas are up by 5.3% month-on-month to 70.9%. Mid-week figure hit 62.8%, which equates to a 4. 9% increase. The level for weekends is within nine points of 2019’s level at 87. 8%.
Hotels in Las Vegas recorded average May room revenues of $89.82. This is a month-on-month improvement of 25.2%. Venues also recorded an improvement in combined room nights for the 31-day period to 3,223,900. The average daily room rate for a hotel in the city stood at $126.69 in May.
Joseph Greff is a gaming analyst for JP Morgan. He claims that second-quarter revenues per available room for hotels in Las Vegas are 37% lower than in the same period in 2019.
