Las Vegas visitation stats continue to lag pre-pandemic trends

Aug. 01, 2022 9:09 AM ETMGM Resorts International (MGM), WYNNLVS, BYD, FLL, CZR, RRRBy: Kevin P. Curran, SA News Editor8 Comments

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Las Vegas’ status as a popular tourist location has not returned to pre-pandemic levels, according to the Las Vegas Convention and Visitors Authority.

Per statistics from the agency released on Monday, total visitors for the month of June remained 7.8% below levels marked in 2019 while hotel occupancy slid to levels 9% below 2019 trends. Convention attendance has also remained 8.7% below 2019-levels.

Still, RevPAR trends roared higher amid higher rates for rooms, with the metric surging 17.5% from 2019 as average daily rates increased over 30%.

  • Sector watch: Caesars Entertainment (CZR), MGM Resorts (NYSE:MGM), Boyd Gaming (BYD), Wynn Resorts (NASDAQ:WYNN), Full House Resorts (FLL), Boyd Gaming (BYD), and Red Rock Resorts (RRR).

Read more on downbeat trends for casino operators in Macau.

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