October Visitor Growth Flat; Revenue Up
The number of people visiting Las Vegas decreased by an estimated 432 people from October 2006 to the same month this year, according to the latest statistics released by the Las Vegas Convention and Visitors Authority. For the year as a whole, visitor volume has increased by about 0.8 percent.
The good news is that the people that did come to Las Vegas spent more, on average, during their stay. Gaming revenue in October was up a healthy 12.5 percent in Clark County, totaling over $1 billion for the month. That number pushed the yearly total to almost $9.1 billion, a 4.1 percent increase over 2006.
These numbers come in spite of the fact that convention attendance is down substantially this year over last. The number of conventions held in Las Vegas fill by 13 percent to 2,623, resulting in attendance numbers dropping by 21.2 percent.
The complete report, including numbers for Laughlin and Mesquite, can be found on the LVCCA’s website.