Monthly Archives: September 2017

Las Vegas Occupancy and Visitors Down Slightly in August

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The latest compilation of stats is out from the Las Vegas Convention and Visitors Authority. It shows visitor volume down 2% from record-setting August 2016. Citywide occupancy dipped slightly, and fewer rooms were available. As a result, room nights occupied fell 1.9% but revenue per available room and average daily room rates by 2% and… Read more »

Las Vegas Strip Drives Strong Gaming Win in August

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $989,510,649 for the month of August 2017, according to the state’s Gaming Control Board. This amounts to a 14.91% increase compared to August 2016, when licensees reported a gaming win of $861,137,241. For the fiscal year (July 1, 2017 through August 31, 2017), gaming win… Read more »

International Air Traffic to Las Vegas Down Slightly in August

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The latest passenger volume statistics from McCarran International Airport show solid gains overall in August 2017 compared to the same month a year ago. More than 4.2 million passengers arrived or departed last month. However, in a continuation of trends seen in previous months this year, international passenger levels bucked this trend and dipped slightly…. Read more »

Nevada Led Nation in Q2 Personal Income Growth

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State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quarter, according to estimates released by the Bureau of Economic Analysis. Each of the major aggregates of personal income–net earnings, property income, and personal current transfer receipts–grew more slowly than in the first quarter…. Read more »

Nevada Unemployment Ticks Up Again in August

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Nevada’s unemployment rate ticked up slightly in August to 4.9 percent, the highest it has been since February of this year. Despite the increase of 0.1 of a percentage point from July, the rate remains 0.6 of a percentage point below the August 2016 reading of 5.5 percent, according to Nevada’s Department of Employment, Training… Read more »

Nevada Housing Prices Level, Sales Hot in August

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The Greater Las Vegas Association of REALTORS® (GLVAR) reported today that local home sales continued to rise while home prices started to level off in August. GLVAR reported that the median price of existing single-family homes sold during August through its Multiple Listing Service (MLS) was $260,000, unchanged from July, but up 10.6 percent from… Read more »