at Calculated Risk on 1/13/2025 02:16:00 PM
From the Las Vegas Visitor Authority: November 2024 Las Vegas Visitor Statistics
Punctuated by the second annual F1 Las Vegas Grand Prix and the SEMA tradeshow, Las Vegas hosted more than 3.3M visitors in Novemberslightly up over last year (+0.6% YoY).
With a net decrease in churn of mid‐size and smaller meetings vs. last year convention attendance was 548k for the monthdown ‐8.4% YoY.
November saw higher Weekend occupancy vs. last year (89.1%, up 0.4 pts) but lower Midweek occupancy (76.9%, down ‐2.0 pts) than overall Hotel occupancy for the month reached 81.4%, down ‐0.5 pts. While down compared to the record-shattering levels tied to last year’s inaugural F1 race, monthly ADR this year saw the second highest on record for the month of November, reaching $199 (-20.3% YoY) while RevPAR came in at approx. $162 (‐20.8% YoY).
emphasis added
Click on graph for larger image.
The first graph shows visitor traffic for 2019 (Black), 2020 (dark blue), 2021 (light blue), 2022 (light orange), 2023 (dark orange) and 2024 (red).
Visitor traffic was up 0.6% compared to last November. Visitor traffic was down 3.2% compared to November 2019.
The second graph shows convention traffic.
Convention traffic was down 8.4% compared to November 2023, and down 9.1% compared to November 2019.
Year-to-date convention traffic is down 9.2% compared to 2019.