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by Calculated Risk on 5/27/2022 12:34:00 PM
Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).
From the Las Vegas Visitor Authority: April 2022 Las Vegas Visitor Statistics
hosted nearly 3.4M visitors, roughly 31% ahead of last April and less than 5% behind April
2019.
Overall hotel occupancy reached 84%, up approx. 18.4 pts YoY and down only 7 pts vs. April
2019. Weekend occupancy exceeded 93% (up 9.7 pts YoY and down 3.5 pts vs. April 2019)
and Midweek occupancy exceeded 79% (up 21.5 pts YoY and down 9.5 pts vs. April 2019).
Breaking the previous monthly record set just this past October, ADR exceeded $177, 62%
ahead of last April and nearly 36% above pre-COVID levels of April 2019 while RevPAR
approached $149 for the month, dramatically ahead of April 2021 (+107.4%) and 25.4% over
April 2019.
Click on graph for larger image.
The first graph shows visitor traffic for 2019 (dark blue), 2020 (light blue), 2021 (yellow) and 2022 (red)
Visitor traffic was down 4.5% compared to the same month in 2019.
Convention traffic was down 28.7% compared to April 2019.
Note: There was almost no convention traffic from April 2020 through May 2021.
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