With highlights including the SEMA tradeshow in the first week of the month and of course, the
inaugural Formula 1 Las Vegas Grand Prix on Nov 16‐18, Las Vegas tourism metrics exceeded last
November across several categories, most notably with record ADR and RevPAR.Visitor volume exceeded 3.29M, ahead of last November by +0.8%, and convention attendance
approached 600k, +2.7% YoY.Overall hotel occupancy was 81.9%, +0.7 pts YoY, as Weekend occupancy reached 88.7% (‐0.9 pts
YoY) while Midweek occupancy exceeded last November by 1.4 pts to reach 78.9% for the month.
Driven by strong rates during the dates of the F1 race, monthly ADR reached a record $249,
+33.7% YoY and RevPAR exceeded $204, +34.8% 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 0.8% compared to last November.
Convention traffic was up 2.7% compared to November 2022, and down 0.8% compared to November 2019.