by Calculated Risk on 6/30/2022 03:52:00 PM
Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).
From the Las Vegas Visitor Authority: May 2022 Las Vegas Visitor Statistics
Visitation exceeded 3.4M visitors in May, surpassing last May by 19.8% and approx. 7% shy of May 2019.
Overall hotel occupancy reached 82.6%, 11.7 pts ahead of last May and down 8.2 pts vs. May 2019. Weekend occupancy again was in the 90’s (91.9%, up 4.1 pts YoY and down 4.5 pts vs. May 2019) while Midweek occupancy exceeded 78% (up 16.0 pts YoY and down 9.3 pts vs. May 2019).
Following last month’s record‐breaking ADR, May saw another month with ADR reaching nearly $176, 38.7% ahead of last May and over 25% above May 2019 while RevPAR exceeded $145 for the month, significantly ahead of May 2021 (+61.6%) and 13.8% over May 2019.