The latest compilation of tourism statistics has been released by the Las Vegas Convention and Visitors Authority. As reported previously on our blog, both gaming revenue and airport traffic posted gains in June. Convention attendance was also up by 2.9 percent over the same month a year ago. The rest of the picture isn’t as rosy, however.
Overall visitor volume was down 1.1 percent, with a 2.1 percent decline in vehicle traffic on I-15 at the CA/NV border. While room inventory was almost the same as it was last year, citywide occupancy was down 2 percent. This was driven by a nearly 4 percent decline Downtown and a 3 percent dip in midweek stays; weekend occupancy was only down slightly.
Total room nights were down 1.8 percent and the average daily room rate was also down, again with heavier losses Downtown. It is unsurprising, then, that the revenue per available room (RevPAR) was down 4.2 percent over the year, with nearly double that figure for Downtown.
See below for a more visual summary from LVCVA. Note that they attribute part of the declines to the shift of Electric Daisy Carnival from June to May: