More for Less?

The year 2020 and ahead will see Las Vegas adding thousands of hotel rooms to its inventory. With the looming openings of Resorts World Las Vegas, Circa (Downtown) the Drew (formerly the Fontainebleau) and others, the capacity will expand, but will the revenue per available room (RevPAR)? At the same time, however, more convention space will debut. Along with the recently completed expansions of the Mandalay Bay and MGM Grand meeting spaces, the Las Vegas Convention and Visitors Authority is adding more than 1 million additional square feet, and Caesars is about to debut the Caesars Forum, 550,000 square feet of meeting space behind the Linq, the High Roller observation wheel and the Flamingo.

So will this increase in meeting space encourage RevPAR to continue to increase at the same time room inventory soars? Check out the charts at right—the top chart is the RevPAR through May 2019 and the bottom is the convention attendance for the same period. We’ll revisit it later with the data supplied by RCG Economics, the most complete source of business information in Nevada.

To see the complete research, visit

    Recent Feature Articles

  • All Aboard

    Konami Gaming, Inc. invests in talent, technology and education to step up among the elite slot suppliers in the industry

  • The Young & The Restless

    The 2020 Class of the Emerging Leaders of Gaming 40 Under 40

  • The Great Northwest

    Healthy Washington state gaming market has operators seeking to add capacity

  • Keeping It Reel

    If you think reel-spinning slots have gone the way of the fruit machine, think again.

  • Bulging Wallets

    Payment processing takes the next step with technological advances