Published on : Wednesday, January 3, 2018
Almost four percent less travelers poured into the Sin City at the time of the holiday season during thanksgiving, which highlights a net loss of around 125,000 visitors.
The volume of visitors totaled to around 3.3 million people that actually pushed down the average daily room rates to 4.1 percent to $119.66. The average hotel room on the strip was $129.43, down from $134.64 in November last year.
The reports of the volume of monthly tourists can vary on quite a few variables, like the number of weekends in a particular month, weather conditions, and exact convention dates. However, the summaries presented by the Las Vegas Convention and Visitors Authority or the LVCVA are being more strictly inspected in the wake of the October 1 shooting at Mandalay Bay.
Brian Gordon, a hospitality expert at Applied Analysis, informed the Las Vegas Review-Journal that “the fundamentals appear stable.” He states that the levels of citywide occupancy remains approximately 90 percent, showing that demand remains strong.
The LVCVA highlights the decrease in room inventory for the losses, as numerous properties of strip are going through renovations, at present. However, in November 2016, the room inventory was just 0.5 percent less than the same time last year.
Up till November 2017, Las Vegas visitor volume was dropped 1.6 percent. December numbers have not yet been counted.
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