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Bouncing Back

Mon, Nov 22, 2021

Bouncing Back

In quarterly reports published by RCG Economics in its “Nevada By The Numbers” section, visitation to Las Vegas is still far short of the historical averages since 2011. In July 2021 only 27 million people had found their way to Las Vegas. Lots of that falloff could be attributed to the disappearance of the meetings and convention business in town. While some of the larger shows are now scheduled to return, very few shows had arrived by July, with the notable exception of Indian Gaming 2021, produced by the National Indian Gaming Association. And while the number of visitors may not have rebounded, the RevPAR (hotel revenue per available room) has almost fully rebounded, giving casino executives and officials with the Las Vegas Convention and Visitors Authority hope that once a full convention slate returns, the visitors and the revenue should follow. To download the full report, visit rcgecon.com.

 

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