The latest stats from LVCVA are out, and again things are trending down slightly for Las Vegas. As noted earlier on our blog, gaming revenue in the county was down 3.2 percent. While air traffic was up and auto traffic, at least along I-15, was essentially flat, overall visitor volume was down 3.7 percent.
Due to this and a drop in inventory, room nights fell 3.9 percent in November. The average daily rate also fell by 4.1 percent, and revenue per available room fell even further, by 6.3 percent. Stark differences between the Strip and Downtown beg the question: How much of this is attributable to the October 1 tragedy? Interestingly, Downtown had the biggest dip in occupancy at 2.9 points, even as its average daily rate rose.
Conventions held to the year’s trends of fewer and bigger, with events down slightly but attendance up a healthy 2 percent.
Despite all of this, many metrics are trending positive for the year to date. We’ll post a more detailed analysis of 2017 when December’s numbers arrive. Here’s a more visually-appealing summary courtesy of LVCVA: