Las Vegas Visitor Totals Show Declines For Occupancy, Rates & Traffic
Las Vegas visitor totals show declines for occupancy, rates and traffic for March. Results released last week show the total amount of visitors to Las Vegas was 3.4 million, or a decline of one percent. With everything in Las Vegas, Nevada rising, including the once 99 cents shrimp cocktail, Las Vegas hotel owner’s lowered their nightly rates.
Hotel rooms in Las Vegas occupancy fell to 92 percent, a two percent decline. This brought the average hotel room rate to $135 per night. One influencer to the occupancy rate is the addition of 4,000 hotel rooms including Palms Place, Signature MGM Grand and Trump Tower Las Vegas NV hotel.
Conventions in Las Vegas had a year to date decline of 7 percent from March 2007. Total March convention attendance was 638,000.
One of the largest trade shows ever in Las Vegas, Nevada was the ConExpo Con/Agg construction show. The held once every three years ConExpo convention attendance was 150,000 people.
The huge expo for Las Vegas moved other trade shows to the previous month to accommodate its size. The region didn’t see as many smaller events for March. Giving way for a decline of 16 percent in March.
McCarran International Airport passenger traffic declined about two percent. All of our visitors from Los Angeles or San Diego, CA, drove their automobiles to the city at the only increase visitor traffic for the month.
Convention business is especially important to Las Vegas because a typical trade show attendee spends about $1,500 during a visit, not counting gambling losses. That’s about twice as much as a typical tourist, according to the authority.
Passenger traffic at McCarran International Airport declined almost 2 percent but daily automobile traffic on Interstate 15 from Southern California increased by the same amount.
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Las Vegas visitor totals show declines for occpancy, rates and traffic.