Nearly five million convention attendees hosted, more than double that last year
LAS VEGAS (JANUARY 31, 2022)
Las Vegas welcomed 38.8 million visitors in 2022, according to research
published today by the Las Vegas Convention and Visitors Authority
(LVCVA). This represents a 20.5 percent boost from 2021.
Conventions also continued to ramp up in 2022, the first full calendar
year of tradeshows and meetings since the pandemic, hosting nearly 5
million meeting attendees. That is more than double the 2.2 million
convention attendees in 2021. Hotel occupancy for 2022 also came in at a
strong 79 percent, with weekend occupancy at 89 percent and midweek
occupancy a 75 percent. Las Vegas leads the nation in overall hotel
occupancy, which averages 63 percent.
Travel to Las Vegas was boosted by several major sporting events, such
as the NFL Pro Bowl in February and Draft in April, a full season of the
Las Vegas Raiders, and international soccer games that featured global
giants Real Madrid CF, FC Barcelona, Juventus FC, Chelsea FC and others.
Travel to the destination also become more accessible with the lifting
of final international travel restrictions paired with the addition
three new airlines and 36 new markets at Harry Reid International
Airport.
Las Vegas looks forward to a strong 2023 with $3.2 billion in major
development planned throughout the resort corridor. Fontainebleau Las
Vegas is expected to open in the fourth quarter of 2023 with 3,700 rooms
and 550,000 square feet of meeting and convention space. The $2.17
billion MSG Sphere at The Venetian is under construction and scheduled
to open the second half of 2023. It will feature 17,500 seats, an
exosphere with 580,000 square feet of programmable lighting and the
largest and highest-resolution LED screen on earth.
Several renovations and reinvestments will also occur in 2023, including
room remodel at New York-New York and The Mirage rebrand to Hard Rock
Hotel as well as renovations to the Mandalay Bay Convention Center.
Major international sporting events are also on tap for the Greatest
Arena on Earth this year, including the NFL Pro Bowl (Feb. 5), L’Etape
by Tour de France (May 7) and the inaugural Formula 1 Las Vegas Grand
Prix (Nov. 16-18), which will launch its inaugural event in Las Vegas.
Super Bowl LVIII will arrive at Allegiant Stadium on Feb. 11, 2024.
The 2022 visitation data generated by the LVCVA’s Research Center is
available HERE [4]. To learn more about the LVCVA, visit LVCVA.com [5]
and www.vegasmeansbusiness.com [6].
DECEMBER 2022 EXECUTIVE SUMMARY [7]
ABOUT THE LVCVA
The Las Vegas Convention and Visitors Authority (LVCVA) is charged with
marketing Southern Nevada as a tourism and convention destination
worldwide and with operating the 4.6 million square-foot Las Vegas
Convention Center (LVCC). With more than 150,000 hotel rooms and more
than 14 million square feet of meeting and exhibit space in Las Vegas
alone, the LVCVA’s mission centers on attracting leisure and business
visitors to the area. The LVCVA also owns the Las Vegas Convention
Center Loop, an underground tunnel designed by The Boring Company and
the Las Vegas Monorail, an elevated 3.9-mile system with seven stops
throughout the resort corridor. For more information, go to
www.lvcva.com [8], www.visitlasvegas.com [9] or
www.vegasmeansbusiness.com [10].
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