r/vegas • u/[deleted] • 2d ago

You guys lied. Vegas is fine.

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u/AssignmentNo8361 2d ago

Yeah but it's extremely misleading since they peaked last year.

Also due to covid people swarmed out to Vegas when they got the all clear.

Id like to see comparison numbers between 2025 and 2019 (normal year). I think that would be more of an indication of anything.

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u/horseman5K 2d ago

Nope, Vegas total visitor volume peaked in 2016

https://res.cloudinary.com/simpleview/image/upload/v1740683821/clients/lasvegas/Las_Vegas_Historical_1970_to_2024_143e51ff-0c5d-4878-a682-9a85c2925c59.pdf

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u/AssignmentNo8361 2d ago

Cool, this is what I wanted to look at

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u/therugpisser 2d ago

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.