With a room inventory with roughly 4,300 more rooms than last year, est. visitor volume reached
3.38M, up 3.3% YoY.Despite the larger room inventory vs. Jan 2023, overall hotel occupancy for the month was on par
with last January at 78.9% (down ‐0.2 pts). Affected in part by the move of the CES tradeshow
back to midweek dates this January instead of the weekend dates it spanned last January,
Weekend occupancy for the month declined to 83.6% (down ‐4.8 pts) while Midweek occupancy
increased to 77%, +1.8 pts YoY.ADR for the month matched last January at approx. $191 while RevPAR saw a modest YoY decline
to just under $151, ‐0.5%.
emphasis added
Click on graph for larger image.
The first graph shows visitor traffic for 2019 (Black), 2020 (dark blue), 2021 (light blue), 2022 (light orange), 2023 (dark orange) and 2024 (red).
Visitor traffic was up 3.3% compared to last January. Visitor traffic was down 0.8% compared to the same month in 2019.
Convention traffic was up 8.6% compared to January 2023, and down 18.5% compared to January 2019.