Despite continued waning effects of the Omicron variant during the month, Las Vegas visitation exceeded 2.6M in February, 70% ahead of a year ago but down ‐18% vs. February 2019.
Overall hotel occupancy reached 69.3%, roughly 10 pts ahead of January, up 27.3 pts YoY and down 17.7 pts vs. February 2019. Weekend occupancy came in relatively strong at 87.5%, 24.7 pts ahead of the weekend levels of last February and only 4.4 pts below February 2019. Midweek occupancy still reflected a convention segment in recovery but reached 60.7%, well over the 32.1% level of last February (+28.6 pts) but down 23.9 pts vs. February 2019.
February 2022 ADR approached $150, surpassing both February 2021 (+52.5%) and February 2019 (+15.0%) while RevPAR reached $103.62 for the month, dramatically ahead of February 2021 (+151.7%) and down only 8.4% vs. February 2019.
Click on graph for larger image.
The first graph shows visitor traffic for 2019 (dark blue), 2020 (light blue), 2021 (yellow) and 2022 (red)
Visitor traffic was down 18.0% compared to the same month in 2019.
The second graph shows convention traffic.
Convention traffic was down 41.4% compared to January 2019.
Note: There was almost no convention traffic from April 2020 through May 2021.