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Additional room inventory reduced occupancy rate, but resorts kept room rates steady with CES, World of Concrete and Shooting, Hunting and Outdoor Trade show in town.
As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
Despite Reid airport seeing record numbers in October and a variety of special events, fewer people visited Sin City in October.
Hotel occupancy dropped from the same month last year, but room rates remained high and convention attendance continued to soar, the LVCVA said.
Convention attendance continues to soar in Las Vegas, but an industry analyst says the cyberattack on MGM Resorts resulted in an overall visitation dip.