In March 2022, the number of players in the casinos of the world-famous city of Las Vegas almost coincided with the data recorded before the COVID-19 pandemic.
According to The Las Vegas Convention and Visitors Authority (LVCVA), by the end of March 2022, the number of visitors to this city exceeded 3.3 million. In March 2021, there were one and a half times fewer players. Three years ago, in March 2019, 10% more players visited Las Vegas than this year.
Conferences with a large number of participants are being held in the city again, this is considered the main reason for the growth. About 495,000 people came to the exhibitions, which is 15 times more than a year ago.
Due to the large number of visitors in March 2022, hotels turned out to be more in demand. Guests of the city were registered in 80.6% of hotel rooms, compared to last year, this figure increased by 25%.
At the same time, along with an increase in the average rate for renting a room by 63%, to $163, the average income from renting a room was $131.50, an increase of 137%.
The Las Vegas gaming industry is also in a favorable situation. At the end of March 2022, Clark County received the maximum gross gaming revenue, $1.178 billion. The Las Vegas Strip reached the level of $746.2 million. In total, the players of all casinos in the state have won more than $1 billion. The total gain in the state has been at this level for more than 13 months in a row.
The number of visitors is growing
For the last two months, there has been an increase in the number of visitors to Las Vegas. In January 2022, this figure was 27% less than in January 2019. The difference between February 2022 and February 2019 was 18%, and in March 2022 it was 10% less than in March 2019.
As a result of the NFL Draft, there may be even more visitors to Las Vegas, this gives more confidence in the positive dynamics.
The NFL Draft can increase the number of visitors to Las Vegas in April by about a million people. This is the LVCVA forecast.
Thanks to the opening of the Palms Resort, the possibilities of the Las Vegas hotel industry have expanded. In March 2020, in order to avoid the consequences of the pandemic, the work of the resort was suspended. But now the work of the hotel with 766 rooms of different price levels has continued.
Increased traffic flow
Attendance in Las Vegas at the end of March 2022 showed positive results in various areas. Among other things, visitors entering from Southern California were taken into account.
At the intersection of the border between the states of California and Nevada on the I-15 highway, about 44,000 cars were recorded daily. In March 2019, this number was 1.7% less. At the same time, about 127,000 cars were recorded at the main points of entry and exit from Las Vegas. Compared to March 2019, this indicator increased by 5%.
Southern California is home to the most important part of potential Las Vegas players. Due to the fact that these players have larger amounts than others, they can bring the casino more profit.