Las Vegas, NV - 2024 Q3

This report analyzes Las Vegas's lodging market through Q3 2024. The local economy is strong, driven by tourism, with job growth exceeding national averages. The leisure and hospitality sectors are thriving, fueled by new venues and increased visitor numbers. Las Vegas is a top-tier hotel market, ranking in the 99th percentile. The report details performance metrics for luxury, upper upscale, upscale, upper midscale, midscale, and economy hotel classes, including occupancy, ADR, and RevPAR. It also covers key topics like brand representation, investment rates, air passenger traffic, and future trends, highlighting both strengths and challenges within each segment. Click here to view a shortened preview of the report.