Nevada and Las Vegas proved their resiliency following a shutdown in response to the COVID-19 pandemic, even though some casinos never reopened after 2020.
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At the Vegas Chamber’s Preview Las Vegas event, economist Jeremy Aguero gave a breakdown on how much tourists spent during Las Vegas Grand Prix week.
As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
Hotel occupancy dropped from the same month last year, but room rates remained high and convention attendance continued to soar, the LVCVA said.
CBRE’s John DeCree met with more than 20 companies and came away with an optimistic outlook with record convention, special events traffic.
With millions of Instagram posts of Las Vegas casinos, including the most posted Bellagio fountains, the city’s resorts are getting a boost with little financial outlay.
If you’re under 21, don’t expect to get in at Circa or El Cortez. Their leaders are happy with their decisions, but they don’t expect any other properties to join them.
While Nellis Air Force Base, Red Rock National Conservation Area and the local Bureau of Land Management office are requiring masks, the state’s casinos won’t for now.
Occupancy rates at Las Vegas resorts are rising to nearly normal levels while the average daily room rate has soared past last year’s rates and those from 2019.
Work will begin soon on the 35,000-square-foot meetings and convention space for the downtown resort, with the first customers expected in September.