Las Vegas Sun

May 17, 2024

Increasing convention attendance boosts Las Vegas hotel occupancies

Barret-Jackson Ready For Las Vegas 2022

Steve Marcus

Team members check in a 1948 Pontiac Woody Wagon in the West Hall of the Las Vegas Convention Center Wednesday June 29, 2022, a day before the Barrett-Jackson Las Vegas 2022 car auction. The wagon includes a pass-eye mirror and a 6-volt shaving razor that was made for Pontiac.

For the first time since before the COVID-19 pandemic, midweek hotel occupancy in Las Vegas reached 80% in June, according to a report released Thursday.

According to the Las Vegas Convention and Visitors Authority, the figure — which came in right at 80% last month — represented an increase of 9% from June 2021.

Still, the number was down 10% from June 2019. The last time the midweek occupancy rate was at 80% or above was in February 2020.

The midweek metric is often viewed by tourism officials and others as an indication of the health of the Las Vegas meeting and convention industry, which has long provided a boost for nonweekend visitation numbers.

The convention industry has steadily rebounded since it was brought to a halt in early 2020. Convention attendance was so low for several months in 2020, the LVCVA temporarily stopped tracking it.

Convention attendance in Las Vegas ballooned to nearly 152,000 last month, according to the LVCVA. That represented a 138% increase from June 2021.

Overall hotel occupancy in Las Vegas came in at 83% in June, which was nine percentage points off the June 2019 figure.

The average daily hotel room rate in June was just under $157, which was up 30% from June 2019.

Las Vegas welcomed more than 3.3 million visitors in June, which was up 12% from June 2021, but down 8% from June 2019, according to the LVCVA.