Las Vegas guests paid highest room charges ever in September

Guests to Las Vegas paid the very best room charges in historical past in September, the Las Vegas Conference and Guests Authority reported.

The common every day room charge in September was $187.18 an evening — the very best common every day room charge since April’s $176.97 when the town hosted the Nationwide Soccer League Draft. Charges on the Strip have been $199.49 an evening with downtown Las Vegas charges at $117.95. Charges have been 20.1% increased than they have been in September 2021 and 36.5% increased than in prepandemic September 2019.

Kevin Bagger, vp of the LVCVA Analysis Heart, stated guests flocked to Las Vegas on weekends for the Life Is Lovely pageant, the iHeartRadio pageant, the season-opening Las Vegas Raiders sport in opposition to the Arizona Cardinals and the Canelo Alvarez-Gennady Golovkin Tremendous Middleweight boxing match.

September additionally featured the standard end-of-summer Labor Day weekend.

Hospitality business professional Amanda Belarmino defined the double-edged nature of upper room charges.

“The present common room charge is a posh metric,” stated Belarmino, assistant professor at UNLV’s William F. Harrah School of Hospitality. “On the one hand, we all know that hospitality companies have been competing for workers. That is an costly proposition which must be offset by elevated earnings and elevated room charges could also be part of this. Inflation has additionally impacted provides to inns, which can additionally account for the elevated room charges.”

She stated increased charges might change folks’s notion of Las Vegas as a worth proposition, however she doesn’t assume they’re sufficient to sway folks from staying away.

“Elevated room charges might also be an indicator of a change within the notion of the town,” Belarmino stated. “If customers now not view Las Vegas as a worth vacation spot and are viewing it as a trade-off with excessive priced locations like Los Angeles and San Francisco, then increased common room charges could be the wave of the longer term.

“The will increase don’t appear to be at a stage that will deter company, and there’s nonetheless sufficient selection in our market of higher-priced and low-priced rooms in addition to seasonality to permit value-conscious company to have choices.”

As has been the case for months, present indicators are higher than they have been in 2021, however not so good as in prepandemic 2019.

Bagger stated general resort occupancy reached 83.1%, which was 10.1 factors forward of final yr, however 5.2 factors behind September 2019. Weekend occupancy reached 92.1% — tied with March for second finest in 2022 behind April’s 93.2% — however 3.5 factors behind September 2019.

Bagger stated midweek occupancy reached 78.6%, up 12.5 factors from final yr, however down 6.5 factors from 2019.

Site visitors on highways resulting in Las Vegas was down for the month, presumably resulting from gasoline costs.

Nevada Division of Transportation counts on all main highways are down 3.6% to a median 123,362 autos per day. On the California-Nevada border on Interstate 15, site visitors fell 13.5% to 41,125 every day autos. NDOT doesn’t discern between native site visitors and autos with vacationers.

Passenger counts from Harry Reid Worldwide Airport for September haven’t been launched.

Customer quantity to Laughlin continues to enhance barely. In September, visitation was up 2.9% to 101,000 in contrast with final yr, however off 28.2% from September 2019.

The resort occupancy charge was at 48.8%, up 1.4 factors from a yr in the past, however the common every day room charge in Laughlin was down 6% to $73.01 an evening.