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Las Vegas June 2023: Visitor Traffic Up 1.5% YoY; Convention Traffic Down 2.9% YoY

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Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).

From the Las Vegas Visitor Authority: June 2023 Las Vegas Visitor Statistics
Punctuated by the Vegas Golden Knights’ victorious quest for the Stanley Cup, Las Vegas
visitation in June surpassed last year as the destination hosted more than 3.4M visitors,
+3.1% YoY.

Overall hotel occupancy reached 85.5% for the month (+2.8 pts YoY). Weekend
occupancy matched last June, reaching 90.2% (+0.2 pts YoY), and Midweek occupancy
reached 83.5%, surpassing last June by 3.5 pts.

Overall ADR exceeded $165, +5.3% from June 2022 while RevPAR reached $141,
+8.8% YoY
Click on graph for larger image.

The first graph shows visitor traffic for 2019 (Black), 2020 (light blue), 2021 (purple), 2022 (orange), and 2023 (red).

Visitor traffic was up 3.1% compared to last June.

Visitor traffic was down 5.0% compared to the same month in 2019.

The second graph shows convention traffic.

Convention traffic was down 2.9% compared to June 2022, and down 11.4% compared to June 2019.

Note: There was almost no convention traffic from April 2020 through May 2021.

Hotels: Occupancy Rate Up 0.5% Year-over-year

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