Las Vegas Real Estate Visitors In October Was 3.38 Million Set Record

Las Vegas EconomyLas Vegas real estate visitors for October was 3.38 million. This set records for Las Vegas and Southern Nevada for the month and the year.

The Las Vegas Convention and Visitor Authority released numbers Tuesday about visitor volume represented a 2.5 percent increase from last October, and a 1.1 percent increase year-to-year. Senior research analyst, John Piet, said the numbers keep to surpass last year’s record and hit 38.7 million.

The visitors generated an economic impact of $624 million for the month of October, bringing the total for the tourism business to $7.2 billion for the year. On the Las Vegas conventions scene, the economic impact has increased 8.2 percent with an increase of convention attendance of 2.9 percent for the year. 

Las Vegas is ahead of schedule and should show modest growth without Las Vegas hotel inventory additions.

Las Vegas hotel room occupancy was at its highest percentage since April with 91.7 percent with weekends showing 98 percent occupancy, the highest for the year.

The little town by the river showed a 13.8 percent decrease for the month, bringing the number to a 14.2 percent decrease for 2006. The last stop before Utah posted an 11.5 percent increase for the month giving the year an increase of 436 visitors.

While Las Vegas real estate and the surrounding areas continue to attract visitors, Mesquite and Lauglin continue to struggle with tourism. Source: LV Business Press

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Las Vegas real estate visitors for October was 3.38 million with record setting month.

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