Las Vegas May 2024: Visitor Traffic Up 4.6% YoY; Convention Traffic Up 2% - InvestingChannel

Las Vegas May 2024: Visitor Traffic Up 4.6% YoY; Convention Traffic Up 2%

From the Las Vegas Visitor Authority: May 2024 Las Vegas Visitor Statistics

With festivals such as EDC, coupled with convention attendance ahead of last year, May saw the
destination host more than 3.6M visitors, showing a healthy 4.6% YoY gain for the month.

Among the churn of rotational shows, Waste Expo returned to Las Vegas in May (14k attendees,
last here in May 2022), and the destination hosted the Advanced Clean Transportation (ACT) Expo
for the first time (10k+ attendees).

Overall hotel occupancy reached 86.1% (up 1.7 pts), as Weekend occupancy reached 93.4% (up 0.2
pts) and Midweek occupancy reaching 82.5% (up 1.7 pts). ADR exceeded $200 with RevPAR over
$172, showing YoY increases of 9.1% and 11.3%, respectively.
emphasis added

Las Vegas Visitor Traffic 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 4.6% compared to last May.  Visitor traffic was down 0.9% compared to the same month in 2019.

Year-to-date visitor traffic is up 0.4% compared to 2019.

The second graph shows convention traffic.

Las Vegas Convention Traffic

Convention traffic was up 1.8% compared to May 2023, and down 11.3% compared to May 2019.  

Year-to-date convention traffic is down 8.7% compared to 2019.

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