LVCVA: October resort room rates blast past pre-pandemic levels

Hotel room charges in October had been two-thirds higher than they had been a yr ago and virtually a third higher than they had been in October 2019, the Las Vegas Conference and Guests Authority reported Tuesday.

The LVCVA acknowledged October observed an moderate each day room rate of $173.68, 11.5 percent bigger than in September, 66.1 percent bigger than a yr ago and 28.3 percent bigger than in October 2019.

Room charges had been undoubtedly one of the most few categories outperforming 2019 numbers. Other indicators that beget caught as a lot as pre-pandemic phases: earnings per accessible room, moderate each day traffic on well-known highways, along with Interstate 15 at the California border, and Clark County gaming like end.

Tourism indicators for the month had been higher than a yr ago in every category.

The LVCVA acknowledged an estimated 3.39 million people visited Southern Nevada in October, 82.6 percent bigger than in October 2020 and 15.5 percent bigger than in September, but 7.6 percent fewer than in October 2019.

The develop became attributed to several particular events and an uptick in convention traffic. The Electrical Daisy Carnival, or EDC, returned to the Las Vegas Motor Speedway for three nights, bringing an estimated 450,000 people to the set.

Tyson Fury fought Deontay Wilder III for the WBC heavyweight title at T-Mobile Enviornment on Oct. 9. The 52nd annual World Sequence of Poker started at the Rio on Oct. 29. Performers Gwen Stefani and Lady Gaga resumed their residencies at Planet Hollywood’s Zappos Theatre on Oct. 22 and Park MGM’s Dolby Reside theater on Oct. 14, respectively. The Raiders and the Golden Knights continued their seasons.

“With vital events and an bettering convention section, October observed the strongest visitation of the pandemic technology every on weekends and midweek because the vacation predicament welcomed virtually 3.4 million online page visitors,” acknowledged Kevin Bagger, vice president of the LVCVA analysis center.

The LVCVA smooth hasn’t reported head counts for conventions, awaiting apt numbers from display cloak sponsors.

Occupancy charges had been higher in October than in September and October 2020, but no longer as high as in October 2019. Citywide occupancy became calculated at 81.6 percent in October, with 90.4 percent on weekends, 77.5 percent on weekdays, 83.4 percent on the Strip and 73.6 percent downtown.

“Weekend occupancy continues to outperform convention and crew, skewing midweek; weekend occupancy for the month became 90.4 percent vs. weekday 77.5 percent — we place that midweek occupancy improved sequentially, coming in end to the post-pandemic high at 77.5 percent (up 11.4 aspects month over month), while weekend occupancy improved modestly to 90.4 percent (up 1.3 aspects month over month),” gaming commercial analyst Joe Greff of Fresh York-essentially essentially essentially based J.P. Morgan acknowledged in a Tuesday represent back to merchants.

“Relative to October 2019, weekend occupancy is lagging by about 7.6 aspects while midweek is 9.6 aspects lower,” he acknowledged.

Tourism indicators had been down in most categories in Laughlin, which also is monitored by the convention authority.

Customer quantity became down 7 percent from a yr ago to 102,900. Occupancy fell 2.8 aspects from October 2019 to 48.1 percent, while the moderate each day room rate became up 9.4 percent to $66.24.

Contact Richard N. Velotta at [email protected] or 702-477-3893. Apply @RickVelotta on Twitter.