Las Vegas Market Outlook
HVS Las Vegas Casino and Hotel Market Outlook 2022
Shannon S. Okada | March 7, 2022
By Shannon Okada The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%. Although the number of occupied rooms in 2021 was still 25.1% below that of 2019, ADR for the market in 2021 was a record-setting $137, and total RevPAR was $92. The impact of the COVID-19 pandemic on th...
HVS Las Vegas Casino & Hotel Market Outlook 2021 Mid-Year Update
Shannon S. Okada | September 2, 2021
By Shannon Okada The Las Vegas market benefited from pent-up demand, government stimulus checks, limited international travel options, increased vaccination rates, and the easing of COVID-19 restrictions during the first half of 2021. However, major COVID-19 metrics notably surged during the summer, and indoor masking rules have been reimplemented in Clark County. Additional efforts are underway to increase state resident vaccination levels through education, encouragement, and mandates. The market’s performance during the rest of 2021 will be an important indicator of the velocity of recovery that may be anticipated in the com...
