August was a solid month with more than 3.3M visitors as weekend occupancy was
largely on par with last year while midweek saw notable gains supported in part by a
strengthening convention segment that included recurring shows such as ASD Market
Week as well the Summer 2023 Las Vegas Market show at World Market Center which
fell in August this year vs. July in 2022.Overall hotel occupancy reached 80.3% for the month (+3.5 pts YoY) as Weekend
occupancy came in at 89.7% (‐0.4 pts YoY), and Midweek occupancy reached 77.0%,
surpassing last August by 4.8 pts.ADR growth continued in August, approaching $159, +7.0% YoY while RevPAR exceeded
$127, +11.9% YoY
Click on graph for larger image.
The first graph shows visitor traffic for 2019 (Black), 2020 (light blue), 2021 (purple), 2022 (orange), and 2023 (red).
Visitor traffic was up 4.0% compared to last August.
Convention traffic was up 64.3% compared to August 2022, and down 1.6% compared to August 2019.