Monthly Archives: August 2017

Big Jump in Las Vegas Convention Attendance in July

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New statistics from the Las Vegas Convention and Visitors Authority (LVCVA) trend positive for the city. While visitor volume was down 1% from July 2016, citywide occupancy was up by almost as much with Downtown leading the way. Average Daily Room Rates are up by a strong 5.6% with Revenue Per Available Room rising by… Read more »

Gaming Win Down Slightly to Start New Fiscal Year

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $997,972,643 for the month of July 2017, according to the state’s Gaming Control Board. This amounts to a 1.73% decrease compared to July 2016, when licensees reported a gaming win of $1,015,558,545. Declines in Southern Nevada were driven by a 7.73% drop on the Strip,… Read more »

McCarran Traffic Jumps 3.8% in July

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The newest stats from the McCarran airport indicate that July set a new record, with more than 4.3 million people coming and going. That’s an increase of 3.8% from July 2016; traffic for the year-to-date is up 2.4% compared to last year. Traffic was up across the board, including in international traffic, which has seen… Read more »

Nevada Unemployment Edges Up Slightly in July

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According to the latest release from Nevada’s Department of Employment, Training, and Rehabilitation (DETR) the state’s headline or U-3 unemployment rate ticked up one-tenth of a percentage point in July to 4.8 percent, after hovering at 4.7 percent for three months, but remains well below a year ago, when it was 5.6 percent. It appears… Read more »

July Sees Continued Increases in Home Prices, Sales

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Southern Nevada Housing Update The Greater Las Vegas Association of REALTORS (GLVAR) reported today that the increasingly hot local housing market showed no signs of cooling off in July, with home prices and sales continuing to rise while the housing supply keeps shrinking. GLVAR reported that the median price of existing single-family homes sold during… Read more »