Las Vegas tourism in November 2024 mirrored blended outcomes, with total visitation barely growing however many different key metrics declining. According to the Las Vegas Convention and Visitors Authority (LVCVA), customer quantity grew by 0.6% year-over-year to 3.3 million, thanks in half to the Formula One Las Vegas Grand Prix and the Specialty Equipment Market Association commerce present.
November tourism overview:
“November saw higher weekend occupancy versus last year (89.1 percent, up 0.4 points) but lower midweek occupancy (78.9 percent, down 2 points) as overall hotel occupancy for the month reached 81.4 percent, down 0.5 points,” famous Kevin Bagger, vp of the LVCVA Research Center, according to Las Vegas Review-Journal.
Despite this progress in visitation, the town’s efficiency lagged in comparison with final 12 months’s record-breaking ranges fueled by the inaugural Formula One race. Average each day room charges for the month dropped 20.3% to $198.72, nonetheless marking the second-highest determine for November.
Other important indicators revealed a downward pattern. Passenger visitors at Harry Reid International Airport declined by 2.1% year-over-year, with 4.7 million vacationers. While home visitors dipped 3.3%, worldwide arrivals surged by 16.2%. Convention attendance dropped 8.4% to 548,200 guests, with fewer small and midsize conferences held in the town. Average each day vehicle visitors on Interstate 15 on the California-Nevada border decreased by 2% to 44,916 automobiles.
Despite the November setbacks, the airport stays on monitor for a record-breaking 12 months, with 53.6 million passengers tallied up to now in 2024, a 1.4% improve over the earlier 12 months.
Year-to-date efficiency:
For the primary 11 months of 2024, Las Vegas welcomed 38.3 million guests, a 2.2% rise in comparison with the identical interval in 2023. However, conference attendance dipped barely by 1.3% to 5.7 million, whereas lodge room occupancy remained almost regular, falling simply 0.1 factors to 83.7%.
Although room charges dropped considerably in November, the year-to-date common elevated by 0.7% to $193.12 per evening. Traffic on Interstate 15 additionally skilled a minor decline, down 0.6% year-to-date.
Southern Nevada’s neighboring cities reported various outcomes for November. Laughlin noticed a 5.9% rise in customer quantity to 94,000. However, lodge occupancy barely declined by 0.7 factors to 42.4%, and common room charges fell by 0.5% to $55.08. Year-to-date figures present visitation up 3.3% however occupancy down 1.5 factors to 50.3%, with room charges declining by 0.9%. Mesquite, then again, skilled a big 10.8% drop in customer numbers to 66,000. Hotel occupancy decreased by 3.7 factors to 72.9%, however common room charges rose sharply by 9.3% to $89.65. For the 12 months, Mesquite’s customer rely fell 8.8% to 778,000, with occupancy down 4.5 factors to 74.5%, whereas room charges elevated by 10.2%.
As the 12 months attracts to a detailed, Las Vegas stays on tempo to surpass its 2023 visitation numbers regardless of some late-year setbacks. The metropolis’s worldwide enchantment continues to develop, with Harry Reid International Airport setting its sights on a record-breaking 12 months for passenger quantity.
