The October Statistics from the Las Vegas Convention and Visitors Authority (LVCVA) have arrived, and many tourism indicators are positive after months of mixed results. As noted in our post on gaming numbers, it’s important to remember that some of this is attributable to correction from last year’s tragic October 1 shooting. The recovery in the next couple of months could be enough to flip a few of the year’s lagging figures into the black.
Traffic counts have grown throughout the year for both auto and air. However, total visitor volumes have been trending down. Not so in October, which saw 2.1% more visitors than the year prior. This is despite a decrease in convention attendance for the month.
Occupancy rates ticked up by 1.4% and the average daily room rate rose by 2.6%. Combined with a big jump in gaming revenue, the Revenue per Available Room of RevPAR increased by 4.6% in October.