LAS VEGAS (AUGUST 30, 2022)
Las Vegas welcomed nearly 3.5 million visitors in July, the highest
monthly visitation since the start of the pandemic, according to data
released today by the Research Center at the Las Vegas Convention and
Visitors Authority (LVCVA).
With world-class entertainment and sports, strong airline recovery and
151,000 hotel rooms throughout the destination, overall hotel occupancy
in Las Vegas surpassed 83 percent in July, four percentage points ahead
of July 2021. Weekend occupancy exceeded 91 percent, up three percentage
points from last year, while midweek occupancy reached 79 percent, up
4.5 percentage points from last year as meetings and conventions
continued their steady return.
Las Vegas hosted approximately 307,000 convention attendees, roughly
double that of last year, with tradeshows including Las Vegas Market at
the World Market Center, Cosmoprof at the Las Vegas Convention Center
(LVCC) and the American Culinary Federation at Caesars Forum. With 14
million square feet of meeting and event space in the destination, the
meeting and convention sector historically represents $11 billion in
the economic impact to the region and several significant tradeshows slated
for the coming months demonstrate its continued recovery.
Mobile World Congress (MWC), the mobile and telecom industry’s
premier tradeshow, will be held in Las Vegas for the first time
September 28-30 at the LVCC. MWC will bring together key stakeholders
from companies such as Verizon, T-Mobile, and AT&T who will make deals
that will improve technology and increase connectivity worldwide. Routes
The world will arrive at the LVCC on October 16 -18, the first time in Las
Vegas since 2013, uniting decision makers from top airlines who
determine global air service. Half of the world’s new airline routes
are connected to meetings at the event.
The strong visitation punctuates the return of international travel and
record-setting daily passenger counts at Harry Reid International
Airport, with 31 airlines currently serving 146 markets, both domestic
and international. Harry Reid International Airport is the most
recovered of the top 20 largest airports in the U.S. based on a
percentage of pre-pandemic seat capacity.
Las Vegas visitors have no shortage of Only Vegas experiences to enjoy,
including entertainment residencies such as Luke Bryan at Resorts World,
Shania Twain at Planet Hollywood and Usher at Park MGM and a dynamic
restaurant scene buzzing with the recent openings of The Bedford by
Martha Stewart at Paris Las Vegas and Carversteak at Resorts World Las
Vegas.
The full report generated by the Research Center is available HERE [3].
To learn more about the LVCVA, visit LVCVA.com [4] and
www.vegasmeansbusiness.com [5].
LVCVA.com [6]
