The latest statistics from the Las Vegas Convention and Visitors Authority (LVCVA) are out, and they show downward trends in most tourism indicators for the month of July.
As noted on our blog, air traffic was up 2.3 percent from a year ago. However, traffic on I-15 was down 2 percent and overall visitor volume fell by 3.4 percent. Room nights and hotel occupancy down at similar rates. Convention attendance declined by 19.5 percent, and LVCVA notes the movement of some shows to other months and the rotation of others out of Las Vegas as the main contributing factors.
All of this took a toll on gaming and hotel revenue. As we noted earlier, gaming win fell by about 5 percent on the Strip compared to the same month a year ago. The average daily rate fell by 4.3 percent. And revenue per available room (RevPAR) fell by 7.5 percent on the Strip and 10 percent Downtown.
You can dive into all the LVCVA stats you can handle here.