Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-Approximately 32.73 million people visited Las Vegas through the first 10 months of the year, up 1.1% from 2005, according to the latest data from the Las Vegas Convention and Visitors Bureau. Results through November will be released in the middle of January.

Visitor volume in October hit 3.38 million in October, up 2.5% from October 2005. Boosting the results was a 25% jump in the number of October conventions to 3,023, which resulted in a 55% jump in convention attendance to 493,000. Year-to-date, convention attendance stands at 5.56 million, 2.9% ahead of 2005.

The increased numbers of course boosted hotel numbers. October occupancy was 91.7%, 220 basis points higher than October 2005, and the daily average room rate was up 28.2% to $134.78 from $105.17 in October 2005.

The growth in visitors was not reflected in gambling revenue, Earlier this month, the state Gaming Control Board reported that October’s gaming revenue of $1.063 billion was less than one half of 1% ahead of October 2005, due in part to gamblers’ good luck at the baccarat tables. Slightly more than half of the state’s gaming revenues are generated by casinos on the Las Vegas Strip, which saw gaming revenues decline more than 5% in October to $532.19 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.