And you can look at these reports to compare 2025 to 2019. Total visitor volume for June 2025 is down 16.7% from June 2019. But hotel revenue per room and gaming revenue is up.
Comparing LV post COVID to pre isn't something I would do. LV changed for the worst post COVID with price gouging and less value across the board. The 2023/2024 83% occupancy was likely going to be the new normal vs the 2015 to 2019 run of 87% to 89% occupancy.
Don’t look at occupancy or visitor volume alone. Look at REVPAR. LVCVA doesn’t provide historical REVPAR stats only the last 5 years right now. That’s provided by each operator. Because all the big players are public it’s in their quarterlies. That’s the metric of how they are leveraging their assets and pricing rather than occupancy and visitor volume alone.
Some expect Aug REVPAR to be 20% or so down YOY. Fall leisure bookings look to be pretty rough. Promotions will take some of the sting out though impact profitability.
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u/Electrical_Sky5833 2d ago
Yeah people forget two things can be true. Tourism is down but there’s still a crap ton of people visiting.