Las Vegas, NV - 2025 Q1

The MarketCompass Lodging Report for Las Vegas, NV in 1Q 2025 highlights the city's economic reliance on tourism and the potential risks of over-dependence on the hospitality sector. Las Vegas's economy remains robust, driven by leisure and hospitality sectors exceeding pre-pandemic employment levels, fueled by tourism resurgence. The opening of the Fontainebleau and increased events contribute to record revenues. The lodging market's overall performance is "Moderate," ranking in the 57th percentile nationally, indicating cautious investor optimism. The report analyzes key metrics, brand representation, investment rates, and CRE performance across various hotel classes. Healthcare and population growth are expected to drive future demand. Click here to view a shortened preview of the report.